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I prepaid my 2018 property tax on top of 2017's one in 2017. I added 2018's one in "additional property tax on your main home" section, but Federal tax remains same.Why?

I live in Ohio and prepaid property tax around $6000 for 2018 at the end of 2017, on top of 2017 property tax already paid in early 2017.  In turbo tax, I added 2018's property tax in the deductable section, "additional property tax on your main home" field, since 2017 property tax seemed to be already counted.  I itemized the deduction, so I expected an increase of my tax return, but total amount of Federal or Ohio tax return did not change.  Why...?  Isn't it counted as deduction...?

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Accepted Solutions
AnnetteB
Intuit Alumni

I prepaid my 2018 property tax on top of 2017's one in 2017. I added 2018's one in "additional property tax on your main home" section, but Federal tax remains same.Why?

No, with Alternative Minimum Tax (AMT) property tax is not deductible. 

To learn more about AMT, take a look at Alternative Minimum Tax: Common Questions.





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3 Replies

I prepaid my 2018 property tax on top of 2017's one in 2017. I added 2018's one in "additional property tax on your main home" section, but Federal tax remains same.Why?

AMT?

I prepaid my 2018 property tax on top of 2017's one in 2017. I added 2018's one in "additional property tax on your main home" section, but Federal tax remains same.Why?

Yes, AMT is applied.  Then the property tax would not be deducted...?  Probably I do not fully understand what would happen when AMT applied...
AnnetteB
Intuit Alumni

I prepaid my 2018 property tax on top of 2017's one in 2017. I added 2018's one in "additional property tax on your main home" section, but Federal tax remains same.Why?

No, with Alternative Minimum Tax (AMT) property tax is not deductible. 

To learn more about AMT, take a look at Alternative Minimum Tax: Common Questions.





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