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$40,000 for Individuals and Married Couples
$20,000 for Married Filing Separate
•SALT Taxes – “State and Local Taxes”
+State/Local Income Tax –or– State Sales Tax
+Real Estate Taxes
+Personal Property Taxes (Missouri Residents)
•Applies only if you itemize deductions (you cannot claim this if you take the standard deduction)
•Limit has been $10,000 since the TCJA of 2017
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