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Itemized deductions - Real estate taxes

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    Itemized deductions - Real estate taxes

    Will a taxpayer who does not itemize (long form), but pays his property taxes , be given
    the $500 ($1,000- couple) added deduction on his standard deduction like 2008?

    #2
    Short & sweet - yes.
    Sandy >^..^<

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      #3
      Nope

      Originally posted by alekrisum View Post
      Will a taxpayer who does not itemize (long form), but pays his property taxes , be given
      the $500 ($1,000- couple) added deduction on his standard deduction like 2008?
      At least not automatically. It really depends on how much one pays, and that may be
      less than the limits.

      For example I have quite a few older than65 clients who pay no property taxes, so they
      are not entitled.
      ChEAr$,
      Harlan Lunsford, EA n LA

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        #4
        Well, that's true.

        But I guess I unwisely made the assumption (yeah, I know) that the OP was referring to folks who at least paid $500 or $1000.
        Sandy >^..^<

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