State and local taxes (limited)

40,000

engine v3

not yet verified ⚑ HOME-RE-TAX · open

How this number was built

R-SALT-CAP State and local tax deduction limit (40,000, reduced by 30% of modified AGI over 500,000, not below 10,000).

Engine note: Cap for this AGI: 40,000.

Inputs (2)

SchA.5d Total state and local taxes41,290

F1040.11 Adjusted gross income445,590

Sources (1) — where the inputs came from

Engine parameter salt_cap

40000

ref:param.salt_cap

Flows into

SchA.7

Independent checks

Home real estate tax: only the owners' shareFails

The seller's share is the seller's deduction; ours is 6,508. SALT falls to 34,378 - under the 40,000 cap, so the change now reaches taxable income (federal deduction 40,000 -> 34,378; California itemized -6,912).

Method: Travis County bill 13,420 (D58) paid in full by escrow; the buyer closing statement (D54) shows the seller credited 6,912.0 for 01/01-07/07.

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History — nothing is overwritten

v1 · 2026-03-04: 40,000v2 · 2026-03-19: 40,000v3 · 2026-06-23: 40,000

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