The itemized deduction for state and local taxes in 2022 is a. Total taxes less 10 percent

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The itemized deduction for state and local taxes in 2022 is

a. Total taxes less 10 percent 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 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 05:28 AM

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The itemized deduction for state and local taxes in 2022 is a. Total taxes less 10 percent

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Income Tax Fundamentals 2023

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