Question

Estimated State Income Tax Payments

Forum|Forum|6 years ago
June 24, 2019
1 reply
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The amount I entered in TurboTax for my estimated state income tax payments is $20 more than the amount showing on schedule A, line 5a (state & local income taxes). Why the $20 difference??

TurboTax Premier Windows

VolvoGirl

Employee

Is your total taxes paid on line 5 more than 10,000? There is a new limit.

You are probably being limited by SALT. SALT is State And Local Tax. Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.