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OT: Hey bean counter dweebs, I have a question!

TrojanGiftHorse

Legend
Gold Member
Nov 25, 2006
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... 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
 
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