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When do my property taxes have to be paid to receive a tax deduction on that years income tax return?

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When do my property taxes have to be paid to receive a tax deduction on that years income tax return?

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To receive a deduction for property taxes on your income tax the taxes must be paid by December 31. The Internal Revenue Code states that a property owner can take a deduction for property taxes in the year paid. The IRS regards the Township database as the date paid, not the date the mortgage company releases the payment.

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