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February 23, 2025
Question

Taxes for which year?

  • February 23, 2025
  • 1 reply
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I just paid my car (property) taxes in January 2025. When I prepare my taxes for 2024, do I use this amount or the amount paid when I purchased the car in April 2024?

    1 reply

    DoninGA
    February 23, 2025

    You claim the personal property taxes paid on the tax return of the year paid.  So if you paid the taxes in January 2025 you report those taxes on a 2025 tax return to be filed next year in 2026.

     

    On the 2024 return you enter the amount of personal property taxes paid in 2024.