In Florida, I can pay my 2017 prop. tax in Jan 2018 and then pay my 2018 tax in Dec 2018. Does the IRS permit deducting 2 years of tax payments in one year's tax return?

johnat · ‎June 6, 2019

TurboTax did not answer the original question on this subject. Some states, such as Florida permit payment of property taxes from November of the year due into March of the next year, so I can pay my 2017 taxes in January of 2018, then my 2018 taxes in Dec. of 2018, so both payments are made in one calendar year for a nice itemized deduction for 2018.

I do this because with one year's property tax deduction, I fall short of the threshold of going to itemized deductions, so I take a standard deduction for 2017, and then group both payments for a nice itemized deduction for 2018, If the IRS permits it. I believe the rule says " deduction within the year payment is made"

Thank you,

John T.

TaxGuyBill · ‎June 6, 2019

Yes, that is allowed.

However, the proposed legislation in Congress right now is likely to change the tax laws. Currently, the draft bill will dramatically increase the Standard Deduction (but eliminates the personal exemptions and a bunch of itemized deductions) for 2018. So *IF* that were to pass, it seems like you still fall short of the threshold to itemize in 2018.

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VolvoGirl · ‎June 6, 2019

Yes. A lot of people do that for tax planning. Lump them so every other year you have enough to Itemize and a bigger deduction. I do that.

In Florida, I can pay my 2017 prop. tax in Jan 2018 and then pay my 2018 tax in Dec 2018. Does the IRS permit deducting 2 years of tax payments in one year's tax return?

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