topic Can I deduct both the mortgage interests and the property taxes ? in Deductions & credits

Can I deduct both the mortgage interests and the property taxes ?

michelherin — Mon, 23 Feb 2026 09:41:39 GMT

Re: Can I deduct both the mortgage interests and the property taxes ?

Bsch4477 — Mon, 30 Jan 2023 23:29:09 GMT

If you pay those costs they are deductible as itemized expenses assuming that your total itemized expenses are greater than your standard deduction.

Re: Can I deduct both the mortgage interests and the property taxes ?

Mike9241 — Tue, 31 Jan 2023 00:54:58 GMT

f you escrow your property taxes, it's the taxes that are withdrawn and not the monthly deposits that are deductible.

Re: Can I deduct both the mortgage interests and the property taxes ?

JosephS1 — Mon, 06 Feb 2023 18:05:41 GMT

As both Bsch4477 and Mike9241 stated, if you are eligible to itemize deductions and the property taxes were withdrawn from your escrow account then yes they are deductible. The limitation of itemized deductions pertains to your personal residence. If these deductions are for a rental property they are fully deductible against the rental income. Also, keep in mind that there is a limitation on your personal State and Local Taxes of $10,000 that your property taxes are part of. If you are in a high-tax state such as CA or NY and you have state income taxes withheld you may not receive the full benefit of a property tax deduction.

@michelherin

@Bsch4477