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Deductions & credits
your escrow fee is not deductible. payments you make with your mortgage to fund the real estate escrow account also aren't deductible. other than possible prorations on buying or selling., only money taken out of your escrow account to pay the taxes is deductible. the reason deposits aren't deductible is because it's the IRS position that there is no actual payment of taxes until money is remitted to the taxing authorities
‎April 4, 2021
1:09 AM