Friday, February 17, 2012

Hoosier Homeowners Receive Income Tax Deduction for Property Taxes

"Hoosier homeowners (buying or own outright) are eligible to take off the amount of property tax paid on their Indiana home. You can deduct the amount of property tax paid or $2,500, whichever is less; this can result in a tax savings of up to $85."

http://www.in.gov/dor/4615.htm