Can I still write off my 2018 property taxes paid ? Or is that all rolled up in the standard deduction. Thanks

hcel — Thu, 06 Jun 2019 06:04:46 GMT

You can still deduct as an itemized deduction on Schedule...

DoninGA — Thu, 06 Jun 2019 06:04:48 GMT

You can still deduct as an itemized deduction on Schedule A property taxes paid in 2018 on your 2018 tax return. The total State and Local taxes paid or sales taxes paid plus property taxes paid is limited to $10,000 for tax year 2018 if filing a joint tax return or Single ($5,000 if filing separately).

See this website for information - https://www.marketwatch.com/story/how-the-new-tax-law-affects-homeowners-it-could-be-more-than-you-t...

However, since the standard deduction has been increased, very few taxpayers will need to itemized their deductions in 2018 since the itemized deductions on Schedule A still have to be greater than the standard deduction for your filling status to have any tax benefit.

Standard deductions for 2018

Single - $12,000 add $1,600 if age 65 or older
Married Filing Separately - $12,000 add $1,300 if age 65 or older
Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older
Head of Household - $18,000 add $1,600 if age 65 or older

topic Can I still write off my 2018 property taxes paid ? Or is that all rolled up in the standard deduction. Thanks in Deductions & credits

Can I still write off my 2018 property taxes paid ? Or is that all rolled up in the standard deduction. Thanks

You can still deduct as an itemized deduction on Schedule...