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Filing Status Optimization and SALT Limits

Joseph Tappe

I ran a filing status optimazation for a return.  The return has wages, interest, dividends, taxes and mortgage interest.  The analysis shows that MFS will save $2,400 in taxes compared to MFJ.  That did not seem right to me.  In looking further I saw the the software is not calculating the SALT limitation correctly for MFS.  

The SALT limitation for MFJ is $30,505.  The combined SALT limitation for MFS should be the same.  However, UT per UT's calculation, the combined SALT deduction for MFS is $35,253.  

Is anyone else seeing this?

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    Thomson Reuters Thomson Reuters staff member

    Hello Joseph, 

    Thank you for sharing your feedback—it's important to us and will be shared with our leadership team. We also encourage you to post your suggestion in our Customer Communities, as this is a great forum for gathering additional input and ensuring your voice is part of the ongoing product conversation.