Yes, you can claim property taxes for 2024 if the check was cut and mailed (post-marked) from your escrow account before the end of 2024, even if it wasn't received by your town until January. Here’s why: Year Paid: The IRS considers property taxes deductible in the year they are paid, not when they are received by the taxing authority. Escrow Payments: When using an escrow account, you should deduct the amount actually paid to the taxing authority, not the amount you deposited into the escrow account.Original post

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Can I claim property taxes for 2024 if a check was cut from my escrow account prior to end of 2024, but wasn't received by my town until January? It shows on my 1098 form

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March 31, 2025
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SabrinaD2

Yes, you can claim property taxes for 2024 if the check was cut and mailed (post-marked) from your escrow account before the end of 2024, even if it wasn't received by your town until January. Here’s why:

Year Paid: The IRS considers property taxes deductible in the year they are paid, not when they are received by the taxing authority.
Escrow Payments: When using an escrow account, you should deduct the amount actually paid to the taxing authority, not the amount you deposited into the escrow account.

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