In 2015, federal income taxes may not be deducted as an itemized deduction on Schedule A.

Name: In 2015, federal income taxes may not be deducted as an itemized deduction on Schedule A.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

This is true. As of the 2018 tax year, the deduction for federal income taxes paid is limited to $10,000 and may only be claimed as an itemized deduction on Schedule A if the taxpayer chooses to do so. However, this limitation only applies for tax years 2018 through 2025.

In 2015, Federal Income Taxes May Not Be Deducted as an Itemized