The cap on deductions for state and local taxes is now $ 10,000. (ridesharedashboard.com)
You'll remember recent tax reforms kept mortgage interest deductions only after intense political pressure — and still introduced caps on deductions for new mortgages. (themortgagereports.com)
But the proposal places a $ 10,000 limit on the deduction of state and local taxes and caps the mortgage deduction at $ 500,000 for new purchases. (nystateofpolitics.com)