I have a question about escrow account taxes. Can I deduct property tax that was paid from an escrow account?
A escrow account is used in real estate to pay property taxes and insurance. Escrow accounts are set up by your mortgage lender. You can deduct your escrow account taxes but only the amount of taxes you in that given tax year.
Related Resources
You may think that DACA individuals are required to get health insurance under the ACA. That is actually not the case - learn more at H&R Block.
If you're a student, you may be eligible for a tax credit. Learn more about education tax credits like the American Opportunity credit and more at H&R Block.
The IRS provides a tax break for people paying down their student loans. Learn more about deducting student loan interest with the experts at H&R Block.
How many dependents can you claim on your W4? Is there a maximum? Find out more about your tax questions from H&R Block.
