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Daycare and Taxes>City/Town Taxes
legomom922 08:16 AM 04-07-2011
My city/town taxes are paid in Oct every yr for the following yr, and covers the period of July-June.

So in Oct 2009, I paid the tax for July 1, 2009-June 30, 2010

In Oct 2010, I paid teh tax for July 1, 2010-June 30, 2011

I went into business June 2010.

So would this mean I would be unable to claim any business portion for the month of June 2010 because it was paid Oct 2009?

Or, can I just take the amount I paid in Oct 2010, divide it by 12 then multiply it for 7 months which would be for June1-Dec 31, 2010?

The amount of yearly tax went up in 2010, so its different tha what I paid in Oct 2009.

I have a feeling I am out of luck for the month of June 2010.....
TomCopeland 11:38 AM 04-08-2011
Deduct taxes in 2010: Use the October 2010 bill for the tax for the second half of the year. Use the October 2009 bill for the tax for the first half of the year.
Tags:deduction, taxes
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