Are ad valorem property taxes deductible?

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Wilbert Pfeffer asked a question: Are ad valorem property taxes deductible?
Asked By: Wilbert Pfeffer
Date created: Mon, May 10, 2021 5:28 AM
Date updated: Wed, Sep 14, 2022 10:17 PM

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Video answer: Real estate taxes: save money with deductions when filing!

Real estate taxes: save money with deductions when filing!

Top best answers to the question «Are ad valorem property taxes deductible»

The tax is imposed on movable property, such as automobiles or boats, and it's assessed annually. It's also called an ad valorem tax. Individuals can deduct personal property taxes paid during the year as an itemized deduction on Schedule A of their federal tax returns, at least up to a point.

Video answer: 2017 tax course module ten itemized deductions

2017 tax course module ten itemized deductions

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