Comments on: $500 Or $1,000 Property Tax Deduction for People Who Don’t Itemize Deductions

By: Joe

Joe — Fri, 18 Mar 2011 12:23:09 +0000

Try to find ANYTHING in 2011 IRS tax sites that describes the elimination of the $500 or $1000 Real Estate Tax add-on to the Standard Deduction. It’s like “hush-hush” while pointing out the increase in the Standard Deduction for everyone but Married Filing Jointly – a discrimination that they don’t discuss either!

I vote for FLAT TAX. 11 percent of any profit. Eliminate the annual gerrymandering of the tax laws.

Of course a bunch of tax lawyers, software makers, and government bureaucrats would all be on unemployment.

It would be worth it. The tea needs to go in the harbor NOW!

By: jane

jane — Wed, 16 Feb 2011 18:23:57 +0000

Hi,

I did not claim deduction in 2009 and will file an amended return, do i need to attach any documents? If yes, what kind?

Thanks.

By: TFB

TFB — Mon, 14 Feb 2011 01:17:39 +0000

@robb – That’s correct.

By: Kat

Kat — Mon, 14 Feb 2011 00:26:12 +0000

Hi, I’ve looked high and low for an answer to this question. I am renting a house but I’m buying a piece of land down the road on a land contract. Each year I’m responsible for the taxes on this land. Can I deduct the taxes I pay on this land on my income taxes? Can I use this deduction everyone is talking about if I didn’t itemize? And if so how do I file an amendment to get this tax credit? And lastly I will actually be moving to this piece of land and living on it year round. I got electricity brought back to it last year and can now make a stand out there in my camper. Will this change how I do a deduction of what kind of deduction I’ll get?

My mate has been unemployed for two years and has not unemployment benefits left so we are being forced to move to the property and try to live on the land in the camper. But it’s better than being on the streets or homeless. I could use all the deduction I can get right now. Thanks for you help!

By: robb

robb — Sun, 13 Feb 2011 22:45:06 +0000

So i CAN NOT claim my 2010 property taxes unless I itemize? correct?

By: BN

BN — Wed, 26 Jan 2011 22:06:00 +0000

Buffy, I dont believe this deduction is available for 2010 taxes.

By: Buffy

Buffy — Sat, 22 Jan 2011 16:21:22 +0000

This is the first time I am doing my taxes online myself on freetaxusa…I am itemizing … I see mortgage interest tax paid line…but where and how do I claim Real Estate Taxes paid…I am the head of household…not married..?

By: Portland Real Estate

Portland Real Estate — Sun, 06 Jun 2010 17:00:50 +0000

I’m trying so hard to do my own taxes but it seems so overwhelming. Thanks for the great article though!

By: TFB

TFB — Thu, 15 Apr 2010 00:30:53 +0000

Chris – No receipt is necessary. You have to prove it if you are audited. Only for taxes actually *paid* in 2009, not which year it’s for. In your case it would be 2008 property taxes paid in 2009.

By: chris

chris — Wed, 14 Apr 2010 14:47:33 +0000

First, do we have to send in a receipt showing we paid property taxes our is it our word of honor? Second, I paid my 2009 property taxes last month. Can I claim it on my 2009 federal tax form? or I am only allowed to claim my 2008 property taxes(which I paid in 2009) on my 2009 federal tax form