turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

STAR NYS Tax relief

Full-time resident of New York City.   I live in a Co-op apartment that I own. 

Our applicable share of real estate property taxes are derived by the Co-Op tax accountant. 

 

Once a year I receive a monthly maintenance bill with a line item indicating "STAR" and an associated dollar amount.  And, another line item "ABATEMENT" with an associated dollar amount. 

 

I do NOT itemize taxes on my Federal and New York State return. 

 

Do I need to reduce my real estate property tax dollar amount by the dollar amount of the STAR I received?

 

Also, do I need to reduce my property tax dollar amount by the dollar amount of the ABATEMENT I received?

 

I am a but confused, because while doing my NYS return, with TurboTax, I thought I read am info blurb that read that I do not have to deduct my property tax paid if I do NOT itemize - but maybe I am misinterpreting. 

 

 

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Vanessa A
Employee Tax Expert

STAR NYS Tax relief

If you do not itemize, you do not need to enter your property taxes on your return at all. 

If you would itemize, then YES, you would need to reduce the property tax dollar amount by the STAR rebate AND the Abatement.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
Vanessa A
Employee Tax Expert

STAR NYS Tax relief

If you do not itemize, you do not need to enter your property taxes on your return at all. 

If you would itemize, then YES, you would need to reduce the property tax dollar amount by the STAR rebate AND the Abatement.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

STAR NYS Tax relief

Thank you Vanessa !!!! I appreciate your answer.  Very clear 🙂 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question