Standard Tax Deductions For 2008
December 26th, 2009
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Question: Property Tax Deduction for Non-Itemized 2008 Return?
I’ve read that on my 2008 tax return, I can claim the lower of: The amount of property taxes we paid, or $1,000 (for married filing jointly).
My questions is, where do I enter this credit on my 1040 form? (What box number?)
I’m not itemizing our deductions. I actually did a Schedule A, but the standard deduction came out to be more for us, even with over $10,000 in medical/dental expenses last year!
I’ve searched Google, but can’t seem to find an answer to this question anywhere.
Any help you have would be greatly appreciated!
Thank you,
Answer: On Form 1040, it’s box 39c and line 40. On Form 1040A, it’s box 23c and line 24. You can’t use 1040EZ or 1040-NR. See pages 34-35 in Form 1040 Instructions and the worksheet (pages 32-33 in Form 1040A instructions).
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Tags: 2008_tax_changes, charitable_contributions, irs_taxes, itemizing_deductions, tax_bracket