Comments on: How to Take a Property Tax Deduction Without Itemizing http://www.mydollarplan.com/property-tax-deduction/ because money doesn't grow on trees Tue, 07 Feb 2012 15:59:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Carnival of Personal Finance CCXLIV – The Fiscally Irresponsible TV Characters Edition « Len Penzo dot Com http://www.mydollarplan.com/property-tax-deduction/#comment-68318 The Carnival of Personal Finance CCXLIV – The Fiscally Irresponsible TV Characters Edition « Len Penzo dot Com Tue, 11 Jan 2011 22:00:33 +0000 http://www.mydollarplan.com/?p=1107#comment-68318 [...] from My Dollar Plan presents How to Take a Property Tax Deduction Without Itemizing. Ron [...]

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]]> By: No Debt Plan | Money Smart Life http://www.mydollarplan.com/property-tax-deduction/#comment-10432 No Debt Plan | Money Smart Life Tue, 23 Feb 2010 09:48:37 +0000 http://www.mydollarplan.com/?p=1107#comment-10432 [...] How to Take a Property Tax Deduction Without Itemizing @ My Dollar Plan [...]

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]]> By: Happy Valentine’s Day, Birthday, and New Year http://www.mydollarplan.com/property-tax-deduction/#comment-10382 Happy Valentine’s Day, Birthday, and New Year Sun, 14 Feb 2010 14:35:24 +0000 http://www.mydollarplan.com/?p=1107#comment-10382 [...] How to Take a Property Tax Deduction Without Itemizing [...]

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]]> By: Roundup and Link Love: Please No More Snow Edition 2010 http://www.mydollarplan.com/property-tax-deduction/#comment-10376 Roundup and Link Love: Please No More Snow Edition 2010 Fri, 12 Feb 2010 17:20:06 +0000 http://www.mydollarplan.com/?p=1107#comment-10376 [...] How to Take a Property Tax Deduction Without Itemizing [...]

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]]> By: Amanda L. Grossman http://www.mydollarplan.com/property-tax-deduction/#comment-10357 Amanda L. Grossman Wed, 10 Feb 2010 20:57:09 +0000 http://www.mydollarplan.com/?p=1107#comment-10357 Hello Greg! Thank you for your comment. To clarify I did a bit more research and found out that the information in my article is how you increase your standard deduction by adding in property taxes for the tax year 2008. It turns our that for the tax year of 2009, you can increase your standard deduction with property taxes (limits mentioned above) by doing the following: check box 40b on Form 1040 (or box 24b on Form 1040A) and attach Schedule L. The extra deduction is calculated on lines 7-9 on Schedule L. Sorry for the confusion, and thank you for bringing it up! Hello Greg!

Thank you for your comment.

To clarify I did a bit more research and found out that the information in my article is how you increase your standard deduction by adding in property taxes for the tax year 2008.

It turns our that for the tax year of 2009, you can increase your standard deduction with property taxes (limits mentioned above) by doing the following: check box 40b on Form 1040 (or box 24b on Form 1040A) and attach Schedule L. The extra deduction is calculated on lines 7-9 on Schedule L.

Sorry for the confusion, and thank you for bringing it up!

]]> By: Greg http://www.mydollarplan.com/property-tax-deduction/#comment-10354 Greg Wed, 10 Feb 2010 17:51:58 +0000 http://www.mydollarplan.com/?p=1107#comment-10354 Isn't that what 1040 Schedule L is for? I think it is required if you increase your standard deduction with property taxes. Isn’t that what 1040 Schedule L is for? I think it is required if you increase your standard deduction with property taxes.

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