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An Overview Of Deductible Taxes

By BARRY LISAK
Posted 7/6/18

There are certain types of taxes that you can deduct on your tax return if you itemize on Form 1040, Schedule A. To be deductible on your tax return, a tax must be charged to you and you must have paid it during your tax year.

Caution: For 2018-2025, the Tax Cuts and Jobs Act (TCJA) limits itemized deductions for personal state and local property taxes and personal state and local income taxes (or sales taxes if you choose that option) to a combined total of only $10,000.

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