Morty and Helen paid the following state and local taxes during 2023: $4,000 in income taxes $3,000 in sales taxes $5,000 in real estate taxes If they file a joint tax return, what will their state and local tax deduction be on Schedule A (after any limitation)?

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The deduction for state and local taxes SALT is capped at 10000 5000 for married individual... View the full answer