The amount of a taxpayer's itemized deduction for all taxes combined,including state income taxes and real property taxes,is limited to $10,000 ($5,000 if married filing separately).

Question

Quizplus · Accepted Answer

This is true under the current tax laws as of 2021. Deductions for state and local taxes are limited to a total of $10,000 for individuals (or $5,000 if married filing separately).

The Amount of a Taxpayer's Itemized Deduction for All Taxes