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March 5, 2025
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Is there an itemized deduction limit for 2024 fed taxes?

  • March 5, 2025
  • 1 reply
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Intuit is limiting me to 10k
    Best answer by VolvoGirl

    That is the SALT 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. 

    It doesn’t affect other deductions like medical, mortgage interest, Charity.

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 5, 2025

    That is the SALT 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. 

    It doesn’t affect other deductions like medical, mortgage interest, Charity.