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

Question

Quizplus · Accepted Answer

This is true according to the Tax Cuts and Jobs Act, which took effect in 2018. The deduction for state and local taxes is capped at $10,000 for individuals ($5,000 for married taxpayers filing separately).

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