Certain taxes you have already paid are allowable as itemized deductions. To be deductible, these taxes must have been imposed on you personally, and you must have paid them during the year. The following taxes you paid during the year are deductible as itemized deductions on Schedule A:

• State and local income taxes.
• Real estate taxes (deductible in the year you paid them).
• Personal property taxes charged on the value of personal property.
• Foreign income taxes paid.

Not all taxes paid, however, are deductible. Note carefully, then, that the following taxes are Read More