My property taxes for 2017 were paid 1/1/2018. Am I understanding the rule correctly in stating that I can use the 1/1/2018 payment of the 2017 taxes as a 2017 deduction?

My taxes for the previous year are paid the first of January the next year via an escrow account. Am I correct in that the 1/1/2018 payment can be a 2017 deduction?

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1 Best answer

Level 15

Jun 4, 2019 12:32:33 PM

Property taxes for 2017 have to be actually paid in 2017.

If they were paid on 1/1/2018, they do not count as a deduction on 2017.

i would double check your escrow account to see the actual date, as 1/1/2018 usually there is no activity due to Holiday, so see if they might have been paid the prior day.

Level 15

Jun 4, 2019 12:32:33 PM

Property taxes for 2017 have to be actually paid in 2017.

If they were paid on 1/1/2018, they do not count as a deduction on 2017.

i would double check your escrow account to see the actual date, as 1/1/2018 usually there is no activity due to Holiday, so see if they might have been paid the prior day.

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My property taxes for 2017 were paid 1/1/2018. Am I understanding the rule correctly in stating that I can use the 1/1/2018 payment of the 2017 taxes as a 2017 deduction?