Is proprty tax deductable in itemized tax return?

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Is proprty tax deductable in itemized tax return?

2007-09-13 01:44:26 · 5 answers · asked by nn 1 in Business & Finance ➔ Taxes ➔ United States

5 answers

Yes, property taxes are deductible on Schedule A - Itemized Deductions - line 6 - Real Estate Taxes. But to get any benefit your total itemized deductions need to be higher than your standard deduction.

2007-09-13 01:51:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Yes

2007-09-13 01:49:43 · answer #2 · answered by Gerald 6 · 0⤊ 0⤋

Yes, see Schedule A of Form 1040.

2007-09-13 01:48:53 · answer #3 · answered by Muaranah 3 · 0⤊ 0⤋

Yes.

2007-09-13 01:48:35 · answer #4 · answered by lunatic 7 · 0⤊ 0⤋

Of course it is. Did you just fall off of a turnip truck? Charitable contributions too.

2007-09-13 01:48:27 · answer #5 · answered by Gary 1 · 0⤊ 0⤋