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Is there a limit to the amount of property taxes I can claim…

Is there a limit to...
Is there a limit to the amount of property taxes I can claim for 2017 for my primary residence as a deduction for 2017.
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12/23/2017
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 4,796
Experience: 3+ decades of varied tax industry exp. Tax Biz owner
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Hello. Happy Holidays!! Thank you for choosing this Q&A service for assistance. My name is***** will be assisting you. While the SALT (State and local tax) deductions are affected by the new tax reform, the tax reform will no go into effect until 2018. You can pay your 2017 property taxes as you normally would. Still writing...

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Customer reply replied 8 months ago
just for 2017 I wanted to know if there is a limit on the property taxes.

No, not for TY 2017. However, there will be for 2018. SEE BELOW:

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As widely expected, congressional negotiators limited the state and local taxes paid deduction in the final conference report issued on Friday. The limitation was modified from the original House and Senate plans. Starting in 2018, individuals would see their state and local taxes paid deduction capped at $10,000 for income, sales, and property taxes.

REFERENCE SOURCE:

https://taxfoundation.org/prepaying-state-and-local-tax-deduction-conference-report/

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Tax.appeal.168
Tax.appeal.168, Tax Accountant
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