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Ask Mark Taylor Your Own Question
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 973
Experience:  Certified Public Accountant
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Can i deduct property taxes during 2016? my mortgage is

Customer Question

can i deduct property taxes during 2016?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: my mortgage is paid. i pay the town of canton $6400.00 in property taxes this year. My yearly wages are $47,000.00
JA: Is there anything else important you think the Accountant should know?
Customer: I am single, never been married, no children.
Submitted: 1 month ago.
Category: Tax
Expert:  Mark Taylor replied 1 month ago.

Hi, my name is Mark. I will be happy to help you with your questions. Please give me a moment to prepare your response.

Expert:  Mark Taylor replied 1 month ago.

Yes, you could claim the property taxes as an itemized deduction on Schedule A of the tax return. Are you married? To be able to benefit from this deduction your itemized deductions need to be greater than the standard deduction.