topic I pay both property taxes and school taxes. Are they both deductible or only the property taxes? in Deductions & credits

I pay both property taxes and school taxes. Are they both deductible or only the property taxes?

nonnaj918 — Thu, 06 Jun 2019 10:31:19 GMT

Real estate taxes (property taxes) paid on your primary r...

JohnR1 — Thu, 06 Jun 2019 10:31:21 GMT

Real estate taxes (property taxes) paid on your primary residence are deductible as an itemized deduction on Schedule A of your federal return.

If a real estate taxes paid amount was reported to you (usually in Box 10 on your Form 1098), this represents the amount of real estate taxes you paid on your residence during the tax year. This is the amount which should be included on your federal income tax return, on Form 1040 Schedule A, Itemized Deductions, Line 6, (Real estate taxes), if you itemize your deductions.

Here's how to enter real estate taxes paid in TurboTax:

In your return, click on Federal Taxes tab

Click on Deductions & Credits

Under Your tax breaks, select Edit/Add button for “Property Taxes”

On “Enter the Property Taxes You Paid”, enter the amount of real estate taxes paid on the home in the "Your Main Home” box, per the Form 1098 Box 10, or from whatever source you received the real estate taxes paid amount.

Re: Real estate taxes (property taxes) paid on your primary r...

atmahan — Mon, 10 Apr 2023 23:58:16 GMT

Didn't answer school taxes question

Re: I pay both property taxes and school taxes. Are they both deductible or only the property taxes?

DawnC — Tue, 11 Apr 2023 00:10:54 GMT

You can go back through your state tax return and correct any answers you skipped. TurboTax will flag missing entries when you Review your tax return before filing. @atmahan

Re: I pay both property taxes and school taxes. Are they both deductible or only the property taxes?

JRLTHOMP — Thu, 04 Apr 2024 22:32:14 GMT

This quest has not been answered. My question is for the state of NY where we have both a property tax for local and a school tax for the school system. The school tax is also based on the property value, so is a property tax.

Are the two deductible?

Re: I pay both property taxes and school taxes. Are they both deductible or only the property taxes?

SusanY1 — Thu, 04 Apr 2024 22:57:46 GMT

Yes, New York school taxes can be included in the amounts entered for property tax deductions for your federal return.

@JRLTHOMP

Re: Real estate taxes (property taxes) paid on your primary r...

Voidsong — Sun, 07 Apr 2024 20:11:02 GMT

What if the property taxes and school taxes were not reported on my form 1098? Can I still deduct them?

Re: Real estate taxes (property taxes) paid on your primary r...

PatriciaV — Mon, 08 Apr 2024 17:21:40 GMT

If your real estate taxes (property and/or school) are based on the assessed value of your property and you paid the taxes during the calendar year, you can report this expense even if it wasn't included on Form 1098.

Generally, Form 1098 only reports taxes that are paid from an escrow account you have with the lender.

@Voidsong

Re: Real estate taxes (property taxes) paid on your primary r...

canon0921 — Thu, 11 Apr 2024 22:26:47 GMT

Yes what is the total answer? I have no mortgage but pay property and school tax, so there is no escrow account. Per your answer i can just add the school tax to the property tax amount on Schedule A.... Correct?

Re: Real estate taxes (property taxes) paid on your primary r...

DaveF1006 — Thu, 11 Apr 2024 22:41:05 GMT

Yes, you may do this.

@canon0921

Re: Real estate taxes (property taxes) paid on your primary r...

Whocares25 — Mon, 14 Apr 2025 18:08:13 GMT

"Pulling teeth" comes to mind.

However, does this circumstance apply ONLY to NY? What about Texas?

What about everywhere else?

Let's be complete this time....

Re: Real estate taxes (property taxes) paid on your primary r...

AmyC — Mon, 14 Apr 2025 23:01:34 GMT

Any state and local taxes paid based on the value are included in property tax on federal. Texas has no state property tax. Local areas can and do tax. See Property Tax Exemptions - Texas Comptroller

Each state has their own unique laws and ways of taxing.

@Whocares25