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re: Last week of year. Considering the new tax plan, should I...

Posted on 12/27/17 at 11:33 am to
Posted by TheChosenOne
Member since Dec 2005
18523 posts
Posted on 12/27/17 at 11:33 am to
quote:

That's not accurate. The new tax plan has a $10k cap for deducting all state and local taxes. So that's state income tax (or sales tax) and property tax combined.


I should have been more clear. He said he doesn’t pay state income tax, so I just referenced property taxes. I should have also included sales tax, though.
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