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Yes. Your property taxes are deductible for federal income tax purposes as an itemized deduction. The amount of the deduction is the amount of actual tax paid, not the amount you paid into the escrow account. Most lenders include the amount of property tax paid on Form 1098 Mortgage Interest. If the tax paid is not on the Form 1098 you should be able to look it up by going to your county tax assessors website and searching for your property. It's all public record. The unsecured supplemental property tax paid is also deductible.
Yes. Your property taxes are deductible for federal income tax purposes as an itemized deduction. The amount of the deduction is the amount of actual tax paid, not the amount you paid into the escrow account. Most lenders include the amount of property tax paid on Form 1098 Mortgage Interest. If the tax paid is not on the Form 1098 you should be able to look it up by going to your county tax assessors website and searching for your property. It's all public record. The unsecured supplemental property tax paid is also deductible.
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