There are lines here in the DC area of folks paying their real estate taxes before even getting the bill. I'm not sure if they will be advantageous though.
Past, Present, Future
You can deduct property taxes that were imposed on you, that were due and that you actually paid to the taxing authority. If you owed back property taxes for previous years and you paid them during the current tax year -- up through Dec. 31 -- you can deduct those taxes when you file your federal income taxes. Paying your property taxes in advance of their due date offers no tax advantage. You cannot deduct any tax payments you made during the current year that you paid in advance for subsequent years. For example, if you pay your 2013 property taxes in 2012, you cannot deduct those taxes on your 2012 federal income tax return. You can deduct those taxes when you file your 2013 tax return.
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Posted by: ipegleg@yahoo.com
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