Which of the following statements regarding deductions for real property taxes is correct?

Question

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Taxpayers may deduct as an itemized deduction up to $10,000 (unless married filing separately) all taxes combined (including state income taxes and real property taxes). Real property taxes paid on an individual's personal residence used to be deductible as an itemized deduction, but it is now subject to the $10,000 limit. Option A is incorrect because it is outdated, and option C is incorrect because taxpayers are allowed to deduct real property taxes up to the $10,000 limit.

Which of the Following Statements Regarding Deductions for Real Property