2007-04-11 03:51:45 · 4 answers · asked by Mustardayonnaise 1 in Business & Finance ➔ Taxes ➔ United States
yes... You claim them when you pay them
2007-04-11 04:02:37 · answer #1 · answered by duck 2 · 1⤊ 0⤋
Yes, a lot of people pay property taxes every other year to get the bigger deduction.
Then they will take the standard deduction one year, and itemize the years they take the property tax deduction.
2007-04-11 08:49:21 · answer #2 · answered by T H 4 · 0⤊ 0⤋
You claim them as a tax deduction for the year when you actually pay them.
If you put a deductible expense on a credit card, it's considered to be paid when you charge it to the card, not when you pay off the card.
2007-04-11 04:16:59 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Yes, you can only deduct property taxes that you paid during the tax year, doesn't include taxes that were due but unpaid.
2007-04-11 04:00:40 · answer #4 · answered by Fool in the Rain 6 · 1⤊ 0⤋