You'll need to sign in or create an account to connect with an expert.
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?
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.
jh777
Level 3
zenmster
Level 3
kac42
Level 2
sugarlandcpa
Returning Member
SB2013
Level 2