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Updated over 6 years ago on . Most recent reply

User Stats

88
Posts
7
Votes
Mina G.
  • Rental Property Investor
  • Jersey City, NJ
7
Votes |
88
Posts

Maximum Property Tax Deduction of 10k?

Mina G.
  • Rental Property Investor
  • Jersey City, NJ
Posted

I have 2 properties, each property has about $10,000 in real estate tax per year (Lovely NJ). Is there any loopholes to deduct the full amount of property tax that I pay? Both properties are under my name. (With conventional mortgage) 

Most Popular Reply

User Stats

175
Posts
207
Votes
Brian M Sweeney
  • MBA, CFP®, EA
  • Columbus, OH
207
Votes |
175
Posts
Brian M Sweeney
  • MBA, CFP®, EA
  • Columbus, OH
Replied

@Mina G. you are able to deduct the property tax on the investment property. 

  • Brian M Sweeney

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