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Deductions & credits
Q. Can I deduct the taxes paid on my return?
A. Yes, real estate taxes are deductible, on the federal return, on all property, not just your home. They are only deductible as an itemized deduction and subject to the $10,000 limit on all State and local tax (SALT) deductions.
If you are asking about a deduction on a state return, probably not. You'll have to identify the state and type of property. Very few states have such a deduction and it's usually only on your residence.
‎January 9, 2023
9:21 AM