The Miles & Smith Group Louisville Real Estate Blog

Louisville Kentucky Homes & Taxes: '9 Easy Mistakes Homeowners Make on Their Taxes'

Louisville Kentucky Homes & Taxes...       

"9 Easy Mistakes Homeowners Make on Their Taxes

By: G. M. Filisko        

Published: January 30, 2014

Don’t rouse the IRS or pay more taxes than necessary — know  the score on each home tax deduction and credit.

Sin #1: Deducting the wrong year for property taxes

You take a tax deduction for property taxes in the year you (or the holder of  your escrow account) actually paid them. Some taxing authorities work a year  behind — that is, you’re not billed for 2013 property taxes until 2014. But  that’s irrelevant to the feds.
Enter on your federal forms whatever ...