ThomasM125
Expert Alumni

Deductions & credits

You may find that splitting the property tax and mortgage interest does not allow either or both of you to have enough deductions to itemize. In that case, one of you could take all of the deduction, but that would mean the other taxpayer would not get any deduction, as you must both either itemize or take the standard deduction.

 

So, you could try it different ways, but you will probably find it is best to split it, but that may result in you both taking the standard deduction so in that case it wouldn't matter anyways.

 

 

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