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I assume you mean property taxes.
Yes, you can claim an itemized deduction on Schedule A.
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∙ 15y ago
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My son is on the grant deed of my property. How can he write off taxes and interest on this property I do not file taxes, I'm on soc sec income?
Your son also has to be on the mortgage in order to be able to write off taxesv and interest on this property.
Pay Mom's property taxes write off my tax return?
No.
My son rents apartment in San Pedro. He is on the grant deed of my property. Can he write off my interest and taxes on my property in Fullerton How can he do it?
He can if he is paying them and you have not claimed them already on your taxes.
Which is the journal entry to write off an investment?
example suman moters of rs 10000 is write off then what is the entry
Can I write off a junk car donation on my taxes?
You can write off almost any donation on your taxes. Junk car donation is also something that you can write off.
What is the function of a property investment group?
The function of a property investment group is to invest in a property which you believe you can fix up and make a profit off of. This does not include abandoned homes.
Can you write off funeral expenses on your taxes?
No
Can you write off health insurance premiums on your taxes?
No
What happens when inherited property is sold for taxes?
If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.
What is struck off property?
Struck off property is real estate that is so overdue in property taxes that it is a burden on the government authority. It is usually sold or auctioned by the governing county, where the buyer will pay a reduced value, plus any owed taxes.
Can you write off credit card wage garnishment payments on your taxes?
You cannot write off credit card wage garnishment payments on your taxes. It is best not to get into a situation where your wages are being garnished.
How does paid off home affect your property taxes?
Generally, property tax is not determined based on a mortgage. If you owe a mortgage on your home or if it is paid in full, the property taxes will be the same. The difference for you is that you will need to track and pay the taxes yourself, instead of letting the mortgage company pay the taxes from your escrow account.
