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April 9, 2024
Question

How is 'State and local taxes greater than $10,000' in federal return calculated?

  • April 9, 2024
  • 1 reply
  • 0 views
This appears in the 2022 and 2023 Deductions and Credits summary page.

1 reply

AmyC
Employee
April 12, 2024

Your state and local taxes come from your paycheck, your property tax on house, cars, maybe sales tax, etc. All of the taxes you pay are capped at $10,000 for itemizing on Sch A.

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