Most state and local governments charge an annual tax on the value of real property that you own. Any of these real estate taxes (also called property taxes) on your primary or secondary residence are generally deductible on your return. For exceptions, see the additional information below.
To enter your deductible real estate taxes in the TaxAct® program:
The amount of real estate taxes paid may be reported to you on Form 1098 Mortgage Interest Statement.
You cannot include:
If your mortgage payments include your real estate taxes, you can include only the amount the mortgage company actually paid to the taxing authority in 2020.
If you sold your home in 2020, any real estate tax charged to the buyer should be shown on your settlement statement and in Box 6 of any Form 1099-S Proceeds From Real Estate Transactions you received. This amount is considered a refund of real estate taxes. See Refunds and rebates, later. Any real estate taxes you paid at closing should be shown on your settlement statement.
For more information, see IRS Instructions for Schedule A Itemized Deductions, Line 5b on page A-7.
Your deduction may be limited. See Reduction of Itemized Deductions for more information.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.