Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Walnut
Level 1

Filing Personal Property Tax under spouse when bills are in your name.

Since my deduction cap is set at $5k when filing 'married but separately' (we need to file this way) and I hit this limit with mortgage interest alone, would it be okay to move the personal property deductions to my wife's filing? The personal property tax is in my name since all the car  titles and house are in my name (I purchased them all prior to marriage) but since we are married I'd consider them expenses shared by the house hold.

1 Best answer

Accepted Solutions
DavidS127
Expert Alumni

Filing Personal Property Tax under spouse when bills are in your name.

The $5K deduction cap is for state and local taxes (property taxes, state and local income taxes, or sales taxes).  Mortgage interest is not included in that $5,000 limit.

 

Generally, only you can claim the deduction for property owned solely by you.  See this IRS FAQ about splitting itemized deductions on a married filing separately return.  That IRS guidance includes this:

 

".....if only one of you is eligible for a deduction for an expense (for example, real estate taxes on a property owned only by the eligible spouse), only the spouse who is eligible for the deduction is allowed to claim it, even if the expense is paid from joint funds."

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
DavidS127
Expert Alumni

Filing Personal Property Tax under spouse when bills are in your name.

The $5K deduction cap is for state and local taxes (property taxes, state and local income taxes, or sales taxes).  Mortgage interest is not included in that $5,000 limit.

 

Generally, only you can claim the deduction for property owned solely by you.  See this IRS FAQ about splitting itemized deductions on a married filing separately return.  That IRS guidance includes this:

 

".....if only one of you is eligible for a deduction for an expense (for example, real estate taxes on a property owned only by the eligible spouse), only the spouse who is eligible for the deduction is allowed to claim it, even if the expense is paid from joint funds."

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Walnut
Level 1

Filing Personal Property Tax under spouse when bills are in your name.

That hits the nail on the head! Not in the way I'd hoped but at least I know I can't do that. Thank you for taking the time to provide this valuable information. Have a great night!

Dynamic AdsDynamic Ads
Privacy Settings
v