SALT Limitation Question
I'm going through a divorce. We were separated for all of 2019 and I have custody of our children. I'm going to claim Head of Household. Is the SALT cap $5,000 or $10,000? I believe it's $10,000 but I'm not sure. Thank you.
I'm going through a divorce. We were separated for all of 2019 and I have custody of our children. I'm going to claim Head of Household. Is the SALT cap $5,000 or $10,000? I believe it's $10,000 but I'm not sure. Thank you.
Heads of Household have a cap of $10,000. If you were Married Filing Separate, it would be $5,000.
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