____ can be deducted on your federal tax return.
A)Rent payments
B)Homeowner's insurance
C)Property taxes
D)Utility bills
E)None of these

Question

Quizplus · Accepted Answer

Property taxes can be deducted on your federal tax return if you itemize your deductions. The deduction for state and local taxes (including property taxes) is capped at $10,000. The other options listed (rent payments, homeowner's insurance, and utility bills) cannot be deducted on your federal tax return.

____ Can Be Deducted on Your Federal Tax Return