You'll need to sign in or create an account to connect with an expert.
Any related expenses paid in 2021 are deductible. Look at your closing statement to see if you paid any property tax.
No, you can not claim deductible expenses for your home purchased in 2021 on your 2022 return. They can only be deducted on your 2021 tax return. You can only deduct the expenses if you itemize your deductions. If you take the standard deduction you can not deduct the expenses.
Your standard deduction starts at $12,550.
Married Filing Jointly or Qualified Widow(er) with Dependent Child
Your standard deduction starts at $25,100.
Your standard deduction starts at $18,800.
Your standard deduction starts at $12,550.
If you want to file itemized and do not have Form 1098 in time for you to file your taxes by the April 18, 2022 deadline. You may want to consider filing an extension to file you’re your tax return. This TurboTax link How do I file an IRS extension (Form 4868) in TurboTax Online? will assist you in filing an extension.
IRS extensions for tax year 2021 must be filed on or before April 18, 2022 for domestic taxpayers.
Keep in mind: An extension doesn't give you extra time to pay your taxes — but it will keep you from getting a late filing penalty
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
darwin-baird
New Member
bdlincoln
New Member
tompatty66
New Member
olwi00
Level 1
PLAINJoY-2023
New Member