Haley Thomas has adjusted gross income of $40,000.She paid $3,600 in property taxes during the year.How much of the tax can she include as an itemized deduction?

Question

Quizplus · Accepted Answer

Haley can include the full amount of $3,600 in property taxes as an itemized deduction, as there is no limitation on the amount of property taxes that can be deducted, subject to the $10,000 cap on state and local taxes.

Haley Thomas Has Adjusted Gross Income of $40,000