Can marrieds double property tax deduction?

Ask NJMoneyHelp


Q. For a married couple filing jointly, is the limit on the property tax deduction $10,000 or $20,000 because it’s two people?
— Looking for savings

A. You don’t get a double deduction because you’re married.

“The aggregate deduction on your personal return – Schedule A for state and local real property taxes, state and local personal property taxes, state and local, and foreign, income, war profits, excess profits taxes, and general sales taxes (if elected) for any tax year is limited to $10,000,” said Kenneth Bagner, a certified public accountant with Sobel and Co. in Livingston.

For those married filing separately, the deduction is limited to $5,000.

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