The property tax payments are an itemized deduction. State, local, property, and sales tax (SALT) deduction is limited to $10,000.
If your total itemized deductions are going to be less than the Standard Deduction for your filing status then when you pay or the amount paid for the property taxes is not going to have any affect on your federal tax return.
Standard deductions for 2020
- Single - $12,400 add $1,650 if age 65 or older
- Married Filing Separately - $12,400 add $1,300 if age 65 or older
- Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
- Head of Household - $18,650 add $1,650 if age 65 or older
