My question is if I pay my house payment in December and then pay and extra payment in the same month, could I claim this extra payment on my taxes.
2006-11-09 03:43:07 · 2 answers · asked by Curious 1 in Business & Finance ➔ Taxes ➔ United States
I have no opinion on Lilburn Tax IRS Problem Solvers , however you can claim any tax that you pay in a given year assuming that you itemize. Doubling up on those payments is a common way to get a few dollars extra deduction. However that means you will have less to deduct the next year unless you do the same. If you owe it and pay it the tax is deductible.
2006-11-09 03:53:25 · answer #1 · answered by ? 6 · 0⤊ 0⤋
You seem to be asking two unrelated questions......
1) I always pay my January payment in December to accelerate the deduction. Please note that the mortgage company must receive it by 12/31 for in to count as this years interest paid. My mortage company will accept January's and February's payment if they are received by 12/31 and have the interest count towards this year.
2) I have no opion of "Lilburn" but if they are offering to settle tax debts for "pennies on the dollar", it is best to stay away.
2006-11-09 11:50:46 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋