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Real estate taxes (property taxes) paid on your primary residence are deductible as an itemized deduction on Schedule A of your federal return.
If a real estate taxes paid amount was reported to you (usually in Box 10 on your Form 1098), this represents the amount of real estate taxes you paid on your residence during the tax year. This is the amount which should be included on your federal income tax return, on Form 1040 Schedule A, Itemized Deductions, Line 6, (Real estate taxes), if you itemize your deductions.
Here's how to enter real estate taxes paid in TurboTax:
On “Enter the Property Taxes You Paid”, enter the amount of real estate taxes paid on the home in the "Your Main Home” box, per the Form 1098 Box 10, or from whatever source you received the real estate taxes paid amount.
Didn't answer school taxes question
You can go back through your state tax return and correct any answers you skipped. TurboTax will flag missing entries when you Review your tax return before filing. @atmahan
This quest has not been answered. My question is for the state of NY where we have both a property tax for local and a school tax for the school system. The school tax is also based on the property value, so is a property tax.
Are the two deductible?
Yes, New York school taxes can be included in the amounts entered for property tax deductions for your federal return.
@JRLTHOMP
What if the property taxes and school taxes were not reported on my form 1098? Can I still deduct them?
If your real estate taxes (property and/or school) are based on the assessed value of your property and you paid the taxes during the calendar year, you can report this expense even if it wasn't included on Form 1098.
Generally, Form 1098 only reports taxes that are paid from an escrow account you have with the lender.
Yes what is the total answer? I have no mortgage but pay property and school tax, so there is no escrow account. Per your answer i can just add the school tax to the property tax amount on Schedule A.... Correct?
Yes, you may do this.
"Pulling teeth" comes to mind.
However, does this circumstance apply ONLY to NY? What about Texas?
What about everywhere else?
Let's be complete this time....
Any state and local taxes paid based on the value are included in property tax on federal. Texas has no state property tax. Local areas can and do tax. See Property Tax Exemptions - Texas Comptroller
Each state has their own unique laws and ways of taxing.
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