Additional Standard Deduction for Property Taxes
For the years 2008 and 2009 only, homeowners were able to claim on additional $500 to $1,000 on top of their standard deduction. This additional amount is designed for homeowners who don't itemize but who paid real estate taxes for their residence. This additional standard deduction is no longer available for 2010, 2011 or 2012.
This additional standard deduction for property tax is worth $500, or an additional $1,000 for married couples who file jointly.
