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Yes the 2017 Tax Cuts and Jobs Act limits the deduction. Starting in 2018 through 2025 taxpayers who itemize will be able to deduct their state individual income, sales and property taxes up to a limit of $10,000.
[Edited 03/09/2020 | 3:13 PM PDT]
Yes the 2017 Tax Cuts and Jobs Act limits the deduction. Starting in 2018 through 2025 taxpayers who itemize will be able to deduct their state individual income, sales and property taxes up to a limit of $10,000.
[Edited 03/09/2020 | 3:13 PM PDT]
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