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Deductions & credits
Q. Paid close to 3000 in property tax for my home in FL.. Do I get some deductions for that?
A. No. More accurately, almost certainly no.
Real estate (property) tax is allowed as an itemized deduction. But, you only get a deduction if all your itemized deductions exceed your standard deduction. With the doubling of the standard deduction in 2018, very few people without the mortgage interest deduction, get to itemize.
‎February 15, 2024
5:37 AM
510 Views