The itemized deduction for state and local in taxes in 2018 is a. Total taxes less 7.5%

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The itemized deduction for state and local in taxes in 2018 is 

a. Total taxes less 7.5% of AGI 

b. Limited to no more than $10,000 

c. Unlimited 

d. Only deductible if the taxes are business related 

e. Deductible if your home value is less than $750,000

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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