This is what you can deduct. If you don't meet the test, enter zero here. Taxes At federal tax time, some other taxes do come in handy. You can deduct many of them in this next section of Schedule A. If you live in a state that collects state or local income taxes, the amount you paid goes on line 5. State Supplemental Workmen's Compensation Fund also can be counted on line 5.
Property owners can deduct real estate taxes they paid.
Enter the amount on line 6. These taxes are what you get each year, usually from a county tax assessor. If they are paid by your mortgage company with escrowed funds, remember that you can only deduct the actual amount of taxes paid in the tax year, not the full amount of escrow payments you sent in to your lender. Some states, counties and cities levy personal property taxes. The most common of this type of collection is on autos.