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IRS Schedule A (Itemized Deductions) - Deducting Real Property Taxes

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Jason D. Knott

Form 1040 Schedule A is completed to report itemized deductions for U.S. taxpayers. Homeowners are generally entitled to a tax deduction for real property taxes paid on their homes. The deductible amount, however, is limited to the Ad Valorem component of the property tax bill. Deductions are not allowed for NonAd Valorem assessments.

In this example, we look at a taxpayer that paid his property tax bill which includes the Ad Valorem and NonAd Valorem components. The taxpayer separates the two amounts and does not deduct the NonAd Valorem taxes on his Schedule A.

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