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Level 2
posted Jun 6, 2019 6:20:54 AM

New tax law for 2018. Salt cap of 10000. Is this the same number for single, married filing jointly, and married filing singly?

0 4 1600
1 Best answer
Level 9
Jun 6, 2019 6:20:57 AM

Is it $5000 for Married Filing Separately.

It is $10,000 for all other filing statuses.


As a side note, it is a $10,000 limit for the combined total of SALT and Real Estate taxes.

4 Replies
New Member
Jun 6, 2019 6:20:55 AM

update?

Level 9
Jun 6, 2019 6:20:57 AM

Is it $5000 for Married Filing Separately.

It is $10,000 for all other filing statuses.


As a side note, it is a $10,000 limit for the combined total of SALT and Real Estate taxes.

Level 9
Jun 6, 2019 6:20:57 AM

As a side note, it is still a PROPOSED tax law for 2018.  It has not passed yet.

Level 15
Jun 6, 2019 6:20:59 AM

and it then must be signed into law.
Just to clarify: There is no "married filing singly." It is Married Filing Separately, which is different than Single.