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markbello
New Member

For my property tax deduction, which is paid through my escrow account, can I also deduct interest charges accrued because the lender paid in installments?

 
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MinhT
Expert Alumni

For my property tax deduction, which is paid through my escrow account, can I also deduct interest charges accrued because the lender paid in installments?

No, although property taxes are an allowed itemized deduction, late fees and interest on property taxes are not deductible.

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MinhT
Expert Alumni

For my property tax deduction, which is paid through my escrow account, can I also deduct interest charges accrued because the lender paid in installments?

No, although property taxes are an allowed itemized deduction, late fees and interest on property taxes are not deductible.

**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

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