Since both of you are on the deed of the home, either one of you (or both) can deduct the property taxes that you actually paid but you will have to itemize your deductions instead of taking the standard deduction. Other tax deductions that home owners can take are:
- Mortgage interest
- Interest paid of Home equity loan or HELOC
- Points that you paid when your home was purchased
- Home improvements for medical care
Refer to the TurboTax article Home Ownership Tax Deductions for more information.
Review the following TurboTax articles to determine if there are additional items that you can deduct on your Schedule A. 20 Common Tax Deductions: Examples for Your Next Tax Return and What Are Itemized Tax Deductions?
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