Itemized deductions - Real estate taxes

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  • tilt53
    replied
    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.

    Leave a comment:


  • ChEAr$
    replied
    Nope

    Originally posted by alekrisum
    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.

    Leave a comment:


  • tilt53
    replied
    Short & sweet - yes.

    Leave a comment:


  • alekrisum
    started a topic Itemized deductions - Real estate taxes

    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?
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