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Are Real Estate Taxes Deductible?

Your real estate taxes might be deductible. Find out what you can deduct here.

[Updated: Feb 09, 2021 ] Sep 12, 2019 by Jean Folger

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SALT Deduction Type What It Is How to Find It
Property taxes Real estate taxes you paid on property you owned that wasn't for a business, including
• primary residences,
• vacation homes,
• co-op apartments,
• and land.
• Check Box 10 on IRS Form 1098 from your mortgage company.
• Review your tax bills and mortgage account statements.
• Visit your local tax assessor's website or office.
Personal property taxes Non-real estate property taxes based on the item's value (usually a car, RV, or boat). • Review your receipts.
• Check your credit card and bank statements for taxable purchases.
• Contact the dealership where you made the purchase.
State and local income taxes State and local income taxes that were withheld from your salary during the tax year. • Look in the "State" and "Local" boxes of Forms W-2, 1099-G, 1099-R, and 1099-MISC.
Prior year state and local income tax payments State and local income taxes you paid during the current tax year for a previous tax year. Don't include penalties and interest. • Review your tax receipts and records.
• Check with your tax accountant or CPA.
State and local estimated tax payments State and local estimated tax payments made during the current tax year, including any part of a prior year's refund credited to your current year's state or local income taxes. • Review your tax receipts and records.
• Check with your tax accountant or CPA.
State and local sales taxes State and local sales taxes you paid for items like food, clothing, medical supplies, cars, and boats. • Keep track of your actual expenses
• .Use the optional sales tax tables found at the end of the Schedule A Instructions.
• Use the IRS's sales tax deduction calculator.
Filing Status 2019 Standard Deduction
Married filing jointly $24,400
Married filing separately $12,200
Single $12,200
Head of household $18,350
2019 taxes taxforms

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Schedule A tax form

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Internal Revenue Service
Deduction Limit
Property and state and local income or sales taxes Up to $10,000 ($5,000 married filing separately)
Mortgage interest The interest you pay on the first $750,000 of mortgage debt ($375,000 married filing separately) if you took out a mortgage after Dec. 15, 2017
Medical and dental expenses Qualified medical expenses that exceed 10% of your adjusted gross income
Charitable contributions Donations can equal 60% of your adjusted gross income or 30% if you donate assets (e.g., stocks)
Casualty and theft losses In general, you can deduct losses that exceed 10% of your adjusted gross income, but they must be the result of a federally declared disaster

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