Is property tax deductable?

Asked by Lily, Pasadena, CA Fri Mar 20, 2009

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Mario Villag…, , Burbank, CA
Sat Mar 21, 2009
Lily,
They are tax deductible as long as you itemize. Keep in mind that people only itemize when it exceeds their standard deduction. Now the only people that I've noticed that don't benefit from itemizing are mainly seniors who have a higher standard deduction and have a low amount of interest cause they're almost paid off and their property taxes are also very low.
Always consult your CPA or tax preparer for tax advice.
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M.D.J, , Los Angeles, CA
Sat Mar 21, 2009
YES, along with other "deductions" and additional "tax credits".


If you would like to know more on how to really stretch your purchasing dollars and increase your take home pay with these homeowner tax deductions & homebuyer tax credits then feel free to contact me.
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