本人住加拿大，对于美国房产的税收问题是小白，准备帮孩子在美国买自住房，想问两个关于房屋的基本税务问题；希望大家多多给意见, 谢谢啦！
1、我听说property tax is tax deductible, 这个是直接抵减 taxable income 还是tax credit？在加拿大是tax credit, 收入到了一定阶段这个credit 就没有了。正常情况下同样金额的property tax 和租金相比哪一个在税务上退税合算
2、听说自住房贷款利息可以抵税，这个在加拿大是不可以的。
现在贷款利息大约是多少，我知道利率上扬以后房价可能会走低，现在可能????会买再高点。这个见仁见智。
我赶紧去google了一下，我感觉property tax普遍都很高的情况下，只这一项就超过了 Standard deduction, 更别说interest payment，这种情况下是不是大部分人都会选择 itemized deduction? 还是我的理解有偏差。
Assuming your son is single, also assuming your son's state income tax, and local property tax exceeds $10K limit, he can deduct $10K.
That left him $2550. So if his home mortage annual interest exceeds $2550, he can use itemized deduction.
多谢，make sense, 这个选项是可以自由切换的对吗？并不是说一旦选定以后年度报税就不能改变了?
adjusted_gross_income = W2_income + capital gain + interest;
deduction = max ($25000, max( (state income tax + property tax), 10000) + mortgage interest))
Taxable_income = adjusted_gross_income - deduction.
Just reduced a 10 line code to a three line code. But need to add comment, probably.
这个公式是不是说deduction一年最多只有25,000， 如果itimeized deduction：比如 10k property tax, 20k interest payment... 超过25,000， 也只能是抵减25,000？
本人住加拿大，对于美国房产的税收问题是小白，准备帮孩子在美国买自住房，想问两个关于房屋的基本税务问题；希望大家多多给意见, 谢谢啦！
1、我听说property tax is tax deductible, 这个是直接抵减 taxable income 还是tax credit？在加拿大是tax credit, 收入到了一定阶段这个credit 就没有了。正常情况下同样金额的property tax 和租金相比哪一个在税务上退税合算
2、听说自住房贷款利息可以抵税，这个在加拿大是不可以的。
现在贷款利息大约是多少，我知道利率上扬以后房价可能会走低，现在可能????会买再高点。这个见仁见智。
我赶紧去google了一下，我感觉property tax普遍都很高的情况下，只这一项就超过了 Standard deduction, 更别说interest payment，这种情况下是不是大部分人都会选择 itemized deduction? 还是我的理解有偏差。
Assuming your son is single, also assuming your son's state income tax, and local property tax exceeds $10K limit, he can deduct $10K.
That left him $2550. So if his home mortage annual interest exceeds $2550, he can use itemized deduction.
多谢，make sense, 这个选项是可以自由切换的对吗？并不是说一旦选定以后年度报税就不能改变了?
adjusted_gross_income = W2_income + capital gain + interest;
deduction = max ($25000, max( (state income tax + property tax), 10000) + mortgage interest))
Taxable_income = adjusted_gross_income - deduction.
Just reduced a 10 line code to a three line code. But need to add comment, probably.
这个公式是不是说deduction一年最多只有25,000， 如果itimeized deduction：比如 10k property tax, 20k interest payment... 超过25,000， 也只能是抵减25,000？