Homeowners could deduct all property taxes without itemizing return under proposed law

Cleveland Plain Dealer
U.S. Sen. Sherrod Brown on Wednesday proposed a bill that he said would help 1.5 million Ohio homeowners save an average of $450 on their federal income taxes.
The Ohio Democrat said he is co-sponsoring the Homeowner Tax Fairness Act because all homeowners -- even those who don't itemize their federal income tax returns -- should be able to deduct all of their state and local property taxes.
About 49 percent of Ohioans who pay property taxes do not itemize their deductions, so they don't claim their property taxes, according to Brown's estimates based on U.S. Census and IRS data.
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U.S. Sen. Sherrod Brown on Wednesday proposed a bill that he said would help 1.5 million Ohio homeowners save an average of $450 on their federal income taxes.

The Ohio Democrat said he is co-sponsoring the Homeowner Tax Fairness Act because all homeowners -- even those who don't itemize their federal income tax returns -- should be able to deduct all of their state and local property taxes.

About 49 percent of Ohioans who pay property taxes do not itemize their deductions, so they don't claim their property taxes, according to Brown's estimates based on U.S. Census and IRS data.

To read the rest of the article, click on the source link above.

Homeowners could deduct all property taxes without itemizing return under proposed law »