2 ms·
They are probably referring to the $10k salt limit this is the total deductible state and local tax and interest deduction. In any big city your property taxes
by rnk 4y ago
They are probably referring to the $10k salt limit this is the total deductible state and local tax and interest deduction. In any big city your property taxes are probably 5k+, add state taxes, you don't have any room under the 10k limit to deduct mortgage interest. That deliberate Republican property tax screw you change made a big difference (the old deduction was also a huge tax deduction for huger middle class to wealthy people).