Yes, you can claim property taxes for 2024 if the check was cut and mailed (post-marked) from your escrow account before the end of 2024, even if it wasn't received by your town until January. Here’s why:
- Year Paid: The IRS considers property taxes deductible in the year they are paid, not when they are received by the taxing authority.
- Escrow Payments: When using an escrow account, you should deduct the amount actually paid to the taxing authority, not the amount you deposited into the escrow account.
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