Analyze the impact of property tax and state income tax deduction limits and explore tax-saving strategies.
See firsthand how the $10,000 cap affects your tax deductions. Visually analyze the amount you can't deduct.
Total State/Local Taxes Paid: $0
Deductible on Federal Return: $0
Non-Deductible Amount (Lost Deduction): $0
The tax treatment for properties of the same value differs greatly by use. See how rental properties can bypass the SALT cap.
Property taxes are reported on Schedule A (Itemized Deductions) and are subject to the $10,000 SALT deduction cap.
Estimated Property Tax: $0
⚠️ Subject to SALT Cap
Property taxes are considered a business expense on Schedule E and are fully deductible, bypassing the SALT cap.
Estimated Property Tax: $0
✅ Bypasses SALT Cap (Fully Deductible)
Even with the same income and assets, your total tax burden can vary greatly by state. Compare a high-tax state (CA) with a no-income-tax state (TX).
Total Estimated Taxes: $0
Total Estimated Taxes: $0
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