With every new year, there is at least one new income tax law that a taxpayer can utilize to reduce their taxes. One of the new laws assists those that do not itemize their deductions. One of the extras is the deduction of state and local real estate property taxes. For single individuals, this can be up to $500. For married couples filing jointly, the maximum amount is $1000. The total amount you deduct can't exceed the amount of real estate taxes you actually p

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