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April 2, 2023
Question

I live in New York. Why is there an amount listed next to "State and Local Taxes above 10,000"?

  • April 2, 2023
  • 1 reply
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April 2, 2023

The itemized deduction for state and local income taxes is limited to $10,000.   TurboTax uses calculations to make sure you maximize your deductions so for anyone with more than $10,000 it can allocate which state and local taxes are deducted.