Brought to you by WBIW News and Network Indiana
Last updated on Thursday, April 10, 2008
(UNDATED) - The state has already approved a property-tax relief package. Now Congress may get into the act.
Next year only, you'd be able to deduct $500 worth of property tax payments on your income tax next year, under a proposal in both the House and Senate.
Couples could deduct $1,000. That would reduce the amount you owe by anywhere from $50 to $350.
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