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     New York Times

     What We Know About Kamala Harris’s $5 Trillion Tax Plan So Far

     The vice president supports the tax increases proposed by the Biden White House, according to her campaign. In a campaign otherwise light on policy specifics, Vice President Kamala Harris this ...

     14 hours ago

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     GOBankingRates via Yahoo

     4 Changes Wealthy Retirees Can Expect If Kamala Harris Wins the 2024 Election

     2 days ago

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     WealthManagement.com

     Don’t Be Tempted By Pop-Up Estate Planning Schemes

     15 hours ago

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     SmartAsset via Yahoo

     Downsizing for Retirement: Will My $620k Profit on My House Trigger Capital Gains Taxes?

     3 days ago

   • JD Supra

     Maximizing Value: The Art of Purchase Price Allocation in Real Estate Deals | JD Supra

     When a business is sold, the most important overall aspect of negotiations between a cautious buyer and determined seller may be due to the agreed-upon purchase price for the business. Before ...

     2 days ago

   • Curbed

     A Housing Expert on Kamala Harris’s New Proposals

     3 days ago

   • The Daily Republic, Mitchell, S.D. via Yahoo

     In election year Dakotafest forum, SD members of Congress not short on federal policy criticisms

     Aug. 21—MITCHELL — With an election-year-sized crowd on hand, South Dakota's Congressional delegation spoke at Dakotafest on Wednesday and bemoaned the struggles they see with President Joe ...

     1 day ago

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2. www.nerdwallet.com › taxes › property-tax-deductionProperty Tax Deduction: How It Works, Annual Limits - NerdWallet

   www.nerdwallet.com › taxes › property-tax-deduction

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   Mar 27, 2024 · The property tax deduction is one of many benefits of being a homeowner, but you don’t need to own a house to get this tax break — there are other ways to qualify.

3. People also ask

   Are real estate taxes deductible?

   • Real estate taxes are deductible if: Based on the value of the property. Levied uniformly throughout your community. Used for a governmental or general community purpose. Assessed and paid before the end of the tax year. You can deduct up to $10,000 (or $5,000 if married filing separately) of state and local taxes, including property taxes.

   Deducting Property Taxes | H&R Block

   www.hrblock.com/tax-center/filing/adjustments-and-deductions/deducting-property-taxes/

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   Can I deduct property taxes from my taxes?

   • TurboTax Tips is Coming Soon! If you itemize your deductions, you can deduct the property taxes you pay on your main residence and any other real estate you own. The total amount of deductible state and local income taxes, including property taxes, is limited to $10,000 per year.

   Claiming Property Taxes on Your Tax Return - TurboTax

   turbotax.intuit.com/tax-tips/home-ownership/claiming-property-taxes-on-your-tax-return/L6cSL1QoB

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   Is a home purchase tax deductible?

   • This payment must be treated as part of the cost of buying the home, rather than as a property tax deduction. Beginning in 2018, the total amount of deductible state and local income taxes, including property taxes, is limited to $10,000 per year.

   Claiming Property Taxes on Your Tax Return - TurboTax

   turbotax.intuit.com/tax-tips/home-ownership/claiming-property-taxes-on-your-tax-return/L6cSL1QoB

   See all results for this question

   Can a corporation deduct real estate taxes?

   • Your deduction for real estate taxes the corporation paid this year is reduced by your share of the refund the corporation received. Generally, you can elect to deduct state and local general sales taxes instead of state and local income taxes as an itemized deduction on Schedule A (Form 1040).

   Publication 530 (2023), Tax Information for Homeowners

   www.irs.gov/publications/p530

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4. www.irs.gov › newsroom › homeowners-review-theseHomeowners: review these house-related deductions and ...

   www.irs.gov › newsroom › homeowners-review-these

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   Jul 27, 2023 · The costs the homeowner can deduct are: state and local real estate taxes, subject to the $10,000 limit. home mortgage interest, within the allowed limits. Taxpayers must itemize their deductions to deduct home ownership expenses. Non-deductible payments and expenses. Homeowners can't deduct any of the following items:

5. turbotax.intuit.com › tax-tips › home-ownershipClaiming Property Taxes on Your Tax Return - TurboTax

   turbotax.intuit.com › tax-tips › home-ownership

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   Aug 9, 2024 · If you pay taxes on your personal property and real estate that you own, you payments may be deductible from your federal income tax bill. Most state and local tax authorities calculate property taxes based on the value of the homes located within their areas, and some agencies also tax personal property.

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6. www.irs.gov › publications › p530Publication 530 (2023), Tax Information for Homeowners

   www.irs.gov › publications › p530

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   Real estate taxes. Real estate taxes are usually divided so that you and the seller each pay taxes for the part of the property tax year that each owned the home. See Real estate taxes paid at settlement or closing under State and Local Real Estate Taxes, earlier, to figure the real estate taxes you paid or are considered to have paid.

7. Videos

   • 

     investopedia.com

     Property Tax Deduction: Definition, How It Works and How to Claim

     Jan 27, 2010

   • 

     5:11

     youtube.com

     Basics of estate tax

     Sep 29, 2013

     66.5K Views

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     8:13

     youtube.com

     Real Estate Taxes: Save Money With Deductions When Filing!

     Nov 18, 2019

     15.4K Views

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8. www.irs.gov › faqs › itemized-deductions-standardReal estate (taxes, mortgage interest, points, other property ...

   www.irs.gov › faqs › itemized-deductions-standard

   • Cached

   The total deduction allowed for all state and local taxes (for example, real property taxes, personal property taxes, and income taxes or sales taxes) is limited to $10,000; or $5,000 if married filing separately.

9. www.hrblock.com › deducting-property-taxesDeducting Property Taxes | H&R Block

   www.hrblock.com › deducting-property-taxes

   • Cached

   Real estate taxes are deductible if: Based on the value of the property. Levied uniformly throughout your community. Used for a governmental or general community purpose. Assessed and paid before the end of the tax year. You can deduct up to $10,000 (or $5,000 if married filing separately) of state and local taxes, including property taxes.

10. www.ssacpa.com › real-estate-taxes-are-subject-toReal Estate Taxes Are Subject to a $10,000 Limit. Or Are They?

    www.ssacpa.com › real-estate-taxes-are-subject-to

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    Mar 10, 2020 · The real estate taxes paid on vacant land, before the passing of the Tax Cuts and Jobs Act, were an itemized deduction on Schedule A. Therefore, it would appear at first that with the new rules in place these taxes would be subject to the $10,000 cap. Upon further review however, this may not be the case.