Question

Is Property tax deductible on WI state income tax?

Forum|Forum|4 years ago
December 30, 2021
2 replies
0 views

Should property tax (which is a local tax) be deducted when you calculate AGI for state income tax? Otherwise, I pay state tax on money I use to pay for another local tax. For example, suppose my adjusted gross income (after all other adjustments) is $100k. Property tax is $10k. Should state tax be assessed on $100k-$10k=$90k?

Critter-3

It is not deducted from income however there is a tax credit can be claimed on your Wisconsin income tax return. You can receive a credit for part of the rent or property taxes you paid in that tax year. It is a credit against the tax you paid and it is nonrefundable.

T

TomD8

Employee

@alexandersatdaro: You might want to review this webpage:

https://www.revenue.wi.gov/Pages/FAQS/slf-ptrecred.aspx

**Answers are correct to the best of my ability but do not constitute tax or legal advice.