Bought a new home can I claim the taxes I paid when I purchased?

I purchased a new home in 2007. Can I claim the taxes I paid on my home at the time of purchase on my income tax forms (federal and state)? I live in Michigan.

Property Tax will go on Schedule A. Plus, with the purchase of a home, there are several other things you will be able to deduct. However, this will involve some detail. File the extension right now, and consult a CPA.

If you're talking about a few months of property taxes that you had to pay upfront to go into escrow/reserves then no - those are considered paid when they are sent from escrow to the taxing authority. If you paid actual property taxes which the attorney was sending direct to the taxing authority then yes.

Absolutely!! If you file your own taxes with a computer based tax program, there is a prompt to enter your property taxes along with your interest payments.