Itemized Deductions - Taxes Paid
This handout discusses which taxes paid are deductible as well as any limitations on the deductibility of those taxes.
State and local income taxes.
State and local sales taxes.
Real estate taxes.
Real estate taxes paid upon the sale or purchase of a home.
Personal property taxes.
CLIENTS WHO MAY BENEFIT:
Taxpayers who own real estate.
Taxpayers who pay income tax or sales tax during the year.