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New Member
posted Jun 1, 2019 12:48:14 PM

Why does TurboTax lower my entered property tax deduction? It is under the new 10k limit. Last year is showing the correct amount but this year it shows much lower

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New Member
Jun 1, 2019 12:48:14 PM

The $10K limit applies to SALT (state and local taxes) and the property taxes. So, if you paid state income taxes, then the property tax deduction will be ($10K - state tax)