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Will I be able to deduct my property tax and state income tax in 2018? What is SALT?

 
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TurboTax Specialist

Will I be able to deduct my property tax and state income tax in 2018? What is SALT?

SALT in shorthand for state and local tax. While you'll still be able to deduct your property tax, state income tax, and other local taxes on your 2018 tax return, this SALT deduction will be limited to $10,000.

 

For more information about the changes coming in 2018, see Tax Reform Legislation: What You Should Know.