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In February of the current year (assume a non-leap year), Ramone and Maria received their property tax statement for last calendar-year taxes of $2,500, which
In February of the current year (assume a non-leap year), Ramone and Maria received their property tax statement for last calendar-year taxes of $2,500, which they paid to the taxing authority on March 1 of the current year. They had purchased their home on May 1 last year. What amount of property tax on this statement may they claim as an itemized deduction this year (rounded)?
A) $0 B) $1,250 C) $1,678 D) $2,500
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