Can I take two years of real estate taxes off of my income tax in Texas?

Profile picture for culpepper46
If I pay my house taxes in January and again in December, can I take both years off of my income tax return?
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October 18 2010 - Decatur
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Answers (2)

Profile picture for Brian French
Typically, you are allowed to "take" the expense as a write-off in the year that it is paid.  So, yes...you could take two years of taxes as an expense.  Obviously, the strategy is to take the two years during a "high" income year
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October 19 2010
Contact an accountant to get the best answer to your question. Since we don't have state income tax in TX, the IRS could help you out as well.
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October 19 2010
 

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