topic I purchased a house in 2018. I paid city tax and document transfer fee. Are they deductible? in Deductions & credits

I purchased a house in 2018. I paid city tax and document transfer fee. Are they deductible?

jerry3849 — Sat, 01 Jun 2019 17:57:51 GMT

Yes, city taxes are deductible as well as the property ta...

CarolynM — Sat, 01 Jun 2019 17:57:52 GMT

Yes, city taxes are deductible as well as the property taxes and mortgage interest you paid on your new house.

Keep in mind these are itemized deductions which must exceed your standard deduction ($12,000 for single filers and $24,000 for married filers), before you will notice a difference in your tax return.

Also note the document transfer fee is not deductible.

For property tax deductible, there is a limit of $10,000...

jerry3849 — Sat, 01 Jun 2019 17:57:53 GMT

For property tax deductible, there is a limit of $10,000 for 2018. Is city tax considered as part of property tax and applied with the same limit?

Yes, city and property taxes are included in the $10,000...

CarolynM — Sat, 01 Jun 2019 17:57:56 GMT

Yes, city and property taxes are included in the $10,000 limit