Income tax and claiming property taxes. Does anyone know?

We have bought a home within the past two years, and pay about two thousand a year in property taxes on it., most of the money goes to school funding, I would like to know if we can claim those assesed taxes on our federal income tax. I have posted this question once before and recieved four answers, two of them stated definately we could and the other two said, no, we could not. Please respond only if you know for sure, Very very much appreciated.

Property taxes and interest on mortgages are 100% deduductible in the US.

HOWEVER, if they are less than the "standard deduction" it would not make sense for you to itemize as you would get a bigger deduction without them.

The standard deduction for 2007 taxes is as follows:

Single: $5,350
Head of Household: $7,850
Married Filing Joint: $10,700
Married Filing Separately: $5,350
Qualifying Widow/Widower: $10,700

So, unless your mortgage interest, property taxes and any other itemized expenses are MORE than the standard(s), it would not make any sense to itemize.

no clue

Yes, you can claim your property tax. I asked my mom this because we purchased a home this year. You also can claim your mortgage interest.
www.irs.gov is a GREAT website to answer your tax questions. After you get through the long-winded sentences, it is really helpful.

Property tax is claimed on line 8 of 1040 Schedule A. If your total itemized deductions (property tax, mortgage interest, state taxes (?)) do not exceed the standard deduction, it doesn't do you any good, though.

YES. Look at Schedule A, "Taxes You Paid", Line 6, where it says "Real Estate Tax". That's where you enter the amount of real estate taxes you paid.

Tax forms really aren't rocket science. Just look at them and read what it says and if you don't understand, read the instructions that come with every form.

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