Question

disallowed state and local income and property taxes 2022 vs 2023

Forum|Forum|2 years ago
February 19, 2024
1 reply
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I just can not understand why my 2022 state and local taxes greater than $10000 is 0, and my 2023 is (-20,545)

Employee

It is a change in the programming because people were confusing the $10,000 cap on state and local limitations. The program did not calculate the overage on your 2022 but did on your 2023 so that you can see the correct deductions for your return.

You understand you can't claim all state and local taxes paid due to the $10,000 cap but many people thought they were deducting all of the taxes paid regardless of the laws. This new line was meant to help clarify the amount disallowed.

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