Have a Tax Question? Ask a Tax Expert
Hi and welcome to Just Answer!Yes - you may deduct real estate taxes you pay for your property. To do so - you need to itemize your deductions - use schedule A - www.irs.gov/pub/irs-pdf/f1040sa.pdf
Real estate taxes are reported on line 6. Let me know if you need any help or clarification.
what about student loan payments for my daugther?
If you pay student loans for your dependent - you may deduct the interest. You should receive a Form 1098-E, Student Loan Interest Statement, from the entity to which you paid the student loan interest.It is reported on the form 1040, line 33 - http://www.irs.gov/pub/irs-pdf/f1040.pdf Generally, the amount you may deduct is the lesser of $2,500 or the amount of interest you actually paid. You can claim the deduction if all of the following apply:
i didn't claim my daugther as a dependant she has filed on her own. i recieved the 1098t. can that be used
There is a limit on modified adjusted gross income (MAGI) for Student Loan Interest Deduction - $150,000 if married filing a joint return; $75,000 if single, head of household, or qualifying widow(er).