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Joe Taxpayer had state withholding of $30,000, dmv of $1000, property taxes of $6,000. What is the net state and local deduction? Part II: Joe

Joe Taxpayer had state withholding of $30,000, dmv of $1000, property taxes of $6,000. What is the net state and local deduction? Part II: Joe calls and wants to know how much paying his second installment of property taxes of $5,000 will save him. Assume he is in the 30% marginal bracket.

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