... So... I'm just starting to look into the income tax changes....
"Another change is the state, local and property tax deduction is now limited to $10,000 combined (used to be unlimited)."
Does that basically mean that the sum of the state and local income tax deductions and property tax deductions are capped at $10,000? What about for married couples?
https://www-pennymacusa-com.cdn.amp...s-mortgage-interest-deductions-for-homeowners
"Another change is the state, local and property tax deduction is now limited to $10,000 combined (used to be unlimited)."
Does that basically mean that the sum of the state and local income tax deductions and property tax deductions are capped at $10,000? What about for married couples?
https://www-pennymacusa-com.cdn.amp...s-mortgage-interest-deductions-for-homeowners