New tax law for 2018. Salt cap of 10000. Is this the same number for single, married filing jointly, and married filing singly?
041600
1 Best answer
TaxGuyBill
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
lisa-ann-phan
New Member
Jun 6, 2019 6:20:55 AM
update?
TaxGuyBill
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.
TaxGuyBill
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.
SweetieJean
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.