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Income
Tax Preparation Tips
Regarding Property and Excise Taxes Paid
Property Tax
For most taxpayers, the property taxes
paid in a given calendar year will be from two different Brewer tax
bills. This is because the City’s fiscal year runs from July-June, and
taxes are due in two installments: the first in September and the second
in March. Thus, for the typical, on time taxpayer the amount of property
tax paid in calendar year 2008 that you might report on your 2008 income
tax form would include the following:
1.
The amount you paid in March 2008
(the 2nd installment of the 2008 tax bill you received August
2007).
2.
The amount you paid in September 2008
(the 1st installment of the 2009 tax bill you received August
2008).
The Brewer Tax Office can assist you
with your payment history if necessary, but for fast reference we
encourage you to keep a copy of your tax bills and payments receipts
with your income tax records.
Motor Vehicle Excise Tax
You can find the amount of excise tax
you paid on your registration. It will also be on the receipt you
receive. Keep in mind that registration and agency fees are not
deductible. Make sure the date on the registration or receipt matches
the year for which you are filing taxes. Make it a habit to file your
vehicle registration receipts with your tax documents.
Disclaimer: This article does not constitute advice on tax reporting.
Consult a tax expert for questions about eligibility and amounts you
might be able to claim. |
