If I paid my 2006 property tax in 2007 do I claim it next year?

Question

I paid my 2006 property taxes in January 2007 when they were due. I'm assuming I can't claim them on my 2006 return. Is this correct? Also, if I pay my 2007 taxes in December of 2007, will that effectively double my property tax amount on my 2007 tax return?

Answer 1

Correct. You deduct them in the year they're actually paid. Many people do what you're doing to take advantage of itemizing every other year, then take the standard deduction in the alternate year. This is perfectly legal.

Answer 2

particular you get to deduct them while incredibly paid despite if on the state point that may not inevitably authentic. Connecticut in basic terms enables you to deduct tax costs paid in the tax 3 hundred and sixty 5 days that have been due in the tax 3 hundred and sixty 5 days and likewise paid in the tax 3 hundred and sixty 5 days - no deduction for previous due money. So verify inclusive of your state standards in the past you do this in the time of your state return.

Answer 3

You are correct on both counts!