Deductions & credits

To enter your real estate taxes on your second home:

1. Type property taxes in the search bar and click on Jump to property taxes.
2. On the Enter the property taxes you paid in 2020 screen, scroll down to the second box, Additional homes or land.
3. Continue with the onscreen interview until complete.

Note: You won't be able to deduct your property taxes if you're taking the Standard Deduction.

• Even if you itemize, the SALT deduction, which includes property tax, is now capped at $10,000 ($5,000 for couples filing separately). This means taxpayers who live or own property in states with high property taxes may not be getting as big a deduction as they have in years past.