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On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income taxes is limited to what amount? A. $10,000 ($5,000 if
On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income taxes is limited to what amount?
A. $10,000 ($5,000 if MFS).
B. $50,000 ($25,000 if MFS).
C. $100,000 ($50,000 if MFS).
D. There is no limit on the deduction of state and local income taxes.
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