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You deduct the amount you paid directly to the taxing authority and the amount your financial institution paid to the taxing authority. You don't deduct the amount paid into your escrow account because some of that may be in reserve for next year's taxes. If you are escrowing your taxes, why did you pay a school tax bill directly?
You deduct the amount you paid directly to the taxing authority and the amount your financial institution paid to the taxing authority. You don't deduct the amount paid into your escrow account because some of that may be in reserve for next year's taxes. If you are escrowing your taxes, why did you pay a school tax bill directly?
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