is nyc mansion tax deductible
Is a âMansion Taxâ Deductible? Q Is the 1 percent âmansion taxâ imposed by New York State on a house that costs $1 million or more deductible on the buyerâs federal income tax return? A Joel E. Miller, a Queens tax lawyer, said that mansion taxes, whether imposed by New York or another state, are not deductible on a buyerâs federal tax return.