On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income taxes is limited

Question

On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income taxes is limited to what amount?
 7.5% of Adjusted Gross Income (AGI).
 $10,000 ($5,000 if MFS).
 $100,000 ($50,000 if MFS).
 There is no limit on the deduction of state and local income taxes.

GPT-5 mini · Answer

$10,000 ($5,000 if married filing separately).

(That is the SALT cap on state and local taxes enacted by the TCJA, effective for tax years 2018–2025.)

On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income taxes is limited to what amount?
7.5% of Adjusted Gross Income (AGI).
$10,000 ($5,000 if MFS).
$100,000 ($50,000 if MFS).
There is no limit on the deduction of state and local income taxes.

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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? 7.5% of Adjusted Gross Income (AGI). $10,000 ($5,000 if MFS). $100,000 ($50,000 if MFS). There is no limit on the deduction of state and local income taxes.

All Answers 1

Submit Your Answer

On the Schedule A (Form 1040), Itemized Deductions, the deduction for state and local income taxes is limited to what amount?
7.5% of Adjusted Gross Income (AGI).
$10,000 ($5,000 if MFS).
$100,000 ($50,000 if MFS).
There is no limit on the deduction of state and local income taxes.