If a MFJ filer is itemizing, I thought they are allowed a max of $10,000 for real estate taxes? Why would they get allowed something under say $5000?
You'll need to sign in or create an account to connect with an expert.
The limit applies to more than just property taxes.
Taxpayers who itemize may deduct up to $10,000 of property, sales, or income taxes already paid to state and local governments
Understood. So it should show $10,000. I recall a number smaller than $10,000 but can’t find it now. Where do you go to check what the total amount being limited is in the software? I thought it was under Federal Review but I don’t see it anymore.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jayjohnson4
New Member
yakcam 919
New Member
oakskid01
New Member
kramyou1
New Member
Bea99
Level 2