Our Videos

March 12, 09

NEWS / Additional Standard Deduction for Real Estate Taxes


There is an additional standard deduction for those who don’t qualify to itemize their tax deductions, but who do pay state or local real estate taxes. This deduction is available for the 2008 and 2009 tax years.

Here are six things you need to know about the additional standard deduction for real estate taxes:

1. The additional deduction amount is equal to the amount of real estate taxes paid. The amount can be up to $500 for single filers or up to $1,000 for joint filers.
2. The taxes must be imposed on you.
3. You must have paid the taxes during your tax year.
4. The taxes must be charged uniformly against all property in the jurisdiction and must be based on the assessed value. Many states and counties also impose local benefit taxes for improvements to property, such as assessments for streets, sidewalks and sewer lines. These taxes usually cannot be deducted.
5. Real estate taxes paid on foreign or business property do not qualify for the increased standard deduction.
6. You must file a Form 1040 or 1040A to claim the additional deduction. When claiming the additional standard deduction for real estate taxes, be sure to check the box on line 39c of Form 1040 or line 23c of Form 1040A.

For more information, see Form 1040 or 1040A Instructions. The instructions can be downloaded at IRS.gov or ordered by calling 800-TAX-FORM (800-829-3676).

 




Testimonials

John Beacleay

Just wanted to say thanks again for all your help Anton. I mean it's really amazing to me that yo...
Read More »
Niranjan Sujay
I recently used LOGOS INTERNATIONAL for the translation of my bachelor’s certificate, and I couldn’t...
Read More »
Katia Nagata

As a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce...
Read More »
AnnaMaria Realbuto
Thank you for all your assistance and efficiency...
Read More »




FAQ

What is outsourcing?
Read More »
What were the prior cap-gap regulations for F-1 students?
Read More »
WHAT IS THE LEGAL AUTHORITY FOR CONSULAR PERFORMANCE OF NOTARIAL AND AUTHENTICATIONS SERVICES?
Read More »
HOW DO THE NOTARIAL FUNCTIONS OF U.S. CONSULAR OFFICIALS DIFFER FROM THOSE OF A U.S. NOTARY PUBLIC?
Read More »






News

July 3, 25
TX woman arrested after convincing pastor to certify fake marriage certificate
Read More »
July 1, 25
South Carolina woman accused of altering sister’s death certificate to commit insurance fraud
Read More »
June 26, 25
Jefferson Davis Hospital birth certificate errors persist; causing headaches for many
Read More »
June 19, 25
Iowa man whose body was found after home explosion died of suicide – death certificate
Read More »