Want an Extra Deduction for 2010 Los Angeles Real Estate Taxes?

If you want to get an extra deduction on your Los  Angeles real estate taxes, pay your January mortgage early.

Your mortgage is paid in arrears, so your January payment covers your December interest.  Since your interest is tax deductible, if you pay this in December, you can apply the interest paid to your 2010 tax return.

Make sure you pay your mortgage as soon as possible so that the payment can be credited this year.

Check with your tax professional to see if this would be a benefit in your case.

If you want to get an extra deduction on your Los Angeles real estate taxes, pay your January mortgage early.
 

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