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Deductions & credits
We just have the 1 county tax (no separate school tax) that's paid twice a year. The 2nd installment for 2025 was pro-rated in escrow so that I paid for the time corresponding to my ownership (the seller paid the full amount to the county and then was reimbursed for my portion via escrow). And then the 1st 2026 installment should have been fully paid by me next year, but I needed to add in extra closing costs (or lose part of the seller concessions) so I paid it via escrow, but I'm 100% certain that amount solely corresponds to the time when I'll own the house. I'm pretty clear on what's my amount and what's theirs, I just didn't know if the seller concession affected who could claim on their taxes.
a month ago