Can I still get a tax deduction for my state and local income taxes (or sales taxes)?
The new GOP tax bill, the Tax Cuts and Jobs Act, lets taxpayers deduct up to $10,000 of their state and local income taxes – or sales taxes – on their federal tax return if they itemize deductions.
The state and local tax deduction continues to be offered on Schedule A, meaning a taxpayer must file itemized deductions in order to claim the deduction.
Remember: These changes go into effect beginning with the 2018 tax year.
