Question

For 2019, what is the dollar limitation for the State and Local Tax deduction? There is no limitation $5,550 $18,000 $10,000

Answer 1

$10,000

Step-by-step explanation:

As an individual, your deduction of state and local income, general sales, and property taxes is limited to a combined total deduction of $10,000 ($5,000 if married filing separately). You may be subject to a limit on some of your other itemized deductions also.

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Answer 2

For 2019, the dollar limitation for the State and Local Tax deduction was $10,000. This limit was set by the Tax Cuts and Jobs Act of 2017 and affects property, income, and sales taxes.

Step-by-step explanation:

The dollar limitation for the State and Local Tax (SALT) deduction in 2019 was $10,000. This limit applies to the combined total of state and local property taxes, and either income or sales taxes that can be itemized for deductions on a federal tax return. The Tax Cuts and Jobs Act (TCJA), which was passed in 2017, imposed this limit starting in the 2018 tax year and it remains in place for subsequent tax years unless legislative changes are made.