Question

We own our primary (and only) home in the Philippines. Can we deduct the property taxes we paid on this property on our federal or state of Wisconsin tax returns?

Forum|Forum|1 year ago
February 19, 2025
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Can property taxes paid on our primary home in the Philippines be deducted on our federal or state of Wisconsin tax returns?

K

KeshaH

No, you cannot deduct the property taxes paid on your property in the Philippines.

For tax years 2018 - 2025, foreign property taxes paid on real estate are not deductible for federal tax purposes. Wisconsin's itemized deduction credit is calculated based on the federal itemized deduction, and would only include items that are deductible on the federal return.

See:

IRS Publication 530 - Tax Information for Homeowners