OK I know this isn't JW related but.. I have a question about my taxes that I hope someone can answer. My itemized deductions were less then my standard deduction, so i went with standard deduction. My Itemized deductions included interest on a mortgage loan and property taxes for 2002. Can I claim these on my 2003 taxes??
Tax Question
by liquidsky 2 Replies latest jw friends
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xenawarrior
Liquid-
If your question is -If you take the standard deduction this year will you be ABLE to itemize next year- yes.
If you are asking whether you can claim property taxes and mortgage interest paid in 2002 on your 2003 taxes, no. You can only claim what you paid in 2003 for 2003 taxes.
XW
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liquidsky
thanks! i looked all over the IRS site and couldn't find anything about it.