For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

posted

Connect with an expert

1 Best answer

Accepted Solutions

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

You should deduct the actual amount that you paid that reflects only property tax amount, penalties are not included. A penalty is not deductible for tax purposes.

View solution in original post

1 Reply

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

You should deduct the actual amount that you paid that reflects only property tax amount, penalties are not included. A penalty is not deductible for tax purposes.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

Do you have an Intuit account?

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

For my 2016 property tax, my payment was late on one occasion. So, I paid a penalty. For my taxes, should I deduct the actual amount I paid, or just the amount on the bill?

Unlock tailored help options in your account.

Get more help

Related Content