by Solomon Poretsky
The taxes you pay on your home reduce your federal taxes.
As long as you're itemizing deductions to claim the home mortgage write-off, you can deduct the property taxes that you pay on your home. Add up everything you paid in property taxes, report it on line six of your Schedule A, and combine the it with all of your other deductions. While you're deducting your property tax, you also can deduct taxes paid for vehicle license fees on line seven of your Schedule A.
Transfer and Mortgage Taxes
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