- NEW!
You are allowed to deduct the California property tax from your federal income tax return. You can claim the first $500 of real estate taxes as an adjustment to income. If your real estate tax exceeds $500, you can claim the remainder of the tax as an itemized deduction.Source:
Is propery tax deductible?
by Answerbag Staff on July 9th, 2010
| 1 person likes this
Is rental property tax deductible?
by Answerbag Staff on July 5th, 2010
| 1 person likes this
I haven't paid on or lived in my house for a year but the bank keeps paying the property taxes. Who gets to deduct the property taxes?
by Paulymon on January 16th, 2011
| 1 person likes this
Does Tax Act allow for rental property deductions as far as depreciation is concerned?
by Answerbag Staff on July 5th, 2010
| 1 person likes this
If a tax payer was entitled to deduct an amount in a previous year of assessment, but forgot to do so, may he claim in the following year?
by LEN on August 12th, 2008
| 1 person likes this
You're reading Is california property tax deductible?
Your favorite Q&A site is on Facebook! Become a fan to connect with the ever-growing community of Answerbaggers, share your thoughts and find out what Answerbag's up to next!
Comments