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March 9, 2025
Question

property tax

  • March 9, 2025
  • 1 reply
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I had the supplemental tax and property tax paid last year. My question is that should I just add the total amount of these two as the property tax?

 

 

    1 reply

    JohnB5677
    March 9, 2025

    You could add them together; however, if you have a mortgage I would suggest an alternative.

     

    To Identify the two types of property tax payments you can enter the primary tax with your mortgage,  and the supplemental tax under Property (Real Estate ) Taxes. 

     

    Log into TurboTax

    1. Federal > Deductions & Credits
    2. Select Mortgage Interest and Refinancing (Form 1098) [Add/Edit]
    3. Post the 1098
    4. Now select Property (Real Estate) Taxes
    5. Enter any additional property tax paid in 2024
    6. Post the Supplemental tax under Additional property taxes on your main home

    On the summary page the two numbers will be combined.


    Massachusetts law requires the Board of Assessors to assess Supplemental Taxes on property when the value has changed by more than 50% during any fiscal year.

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    April 4, 2025

    Thanks for your response. I am not able to locate the additional property tax info. I am using turbo tax software.

    What difference does it make if I just added the two property taxes together?

    AmyC
    Employee
    April 5, 2025

    It is reported on the federal sch A as a total of the properties so that is fine. It is always good to keep your records so you can identify which numbers came from where.

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