Generally, state and local taxes, real estate taxes, personal property taxes and foreign taxes (real property and income taxes) are all deductible but could be limited. The Tax Cuts and Jobs Act capped the total federal deduction for state and local taxes to a total of $10,000. Let's look at each line of the taxes...Read More The post Itemized Deductions Series- Part 3: Deduction for Taxes appeared first on Dent Moses, LLP.
