Question
Morty and Helen paid the following state and local taxes during 2023: $4,000 in income taxes $3,000 in sales taxes $5,000 in real estate taxes
Morty and Helen paid the following state and local taxes during 2023: $4,000 in income taxes $3,000 in sales taxes $5,000 in real estate taxes If they file a joint tax return, what will their state and local tax deduction be on Schedule A (after any limitation)?
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The deduction for state and local taxes SALT is capped at 10000 5000 for married individual...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
