List Of Is County Home Sales Tax Deductible Ideas. You used to be able to deduct all taxes paid to local and state governments before president trump signed into law the republican tax bill, which caps the deduction of taxes a. The maximum deduction allowed for state, local and property taxes combined is $10,000.

So if you paid $5,000 in state and local taxes and $10,000 in property taxes, you can. The tax benefit is considered a tax deduction rather than a tax credit. Some items may be treated differently depending on the particular situation.