What is a personal property tax deduction?
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Works at SpaceX, Lives in Los Angeles. Graduated from California Institute of Technology (Caltech) with a degree in Aerospace Engineering.
Individuals can deduct personal property taxes paid during the year as an itemized deduction on Schedule A. Personal property taxes are taxes that are imposed by a state or local tax authority based on the value of an individual's personal property. Another term for personal property tax is an ad valorem tax.
2023-05-14 23:44:45
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Olivia Adams
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Individuals can deduct personal property taxes paid during the year as an itemized deduction on Schedule A. Personal property taxes are taxes that are imposed by a state or local tax authority based on the value of an individual's personal property. Another term for personal property tax is an ad valorem tax.