This is the first year that I have had to pay both federal and state. Looking at the analysis summary for deductions I average about 37,000 in deductions for the past 5 years, but this year it was only 24,000, but I had all the same deductions... It's almost like Turbo Tax didn't include something in my deductions.
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One of the major changes in the Tax Cut and Jobs Act of 2017 was to cap the SALT taxes (State And Local Taxes) to $10,000. Therefore if your income or sales tax, your real estate tax and any personal property taxes added up to more than $10,000, that amount was reduced. This has causes a lot of taxpayers to see big differences year over year.
Please see https://www.irs.gov/newsroom/individuals for a list of the changes.
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