sunset

sunset

Tuesday, January 14, 2025

Tax Time

I always dreaded this time of year when I would have to start collecting tax documents to file my income tax with the IRS and the state of Ohio.  And just because I now live in Mexico does not mean that I don't have to pay Uncle Sam.  However, now, instead of waiting for paper documents to arrive in the mail, I have to gather them online and send them via a secure website to my accountant.  Even though it went fairly smoothly last year, it still dread it.

One tax bill which is quick, easy, and painless to pay is the real estate tax for my Mexico City apartment.  That arrived in the mail last week and was delivered to my apartment by the doorman.  I will go to the bank (any bank) and pay it today.  If I pay for the entire year before January 31st, I get a discount.

The real estate tax for the year on my three bedroom, two bathroom condo in a very nice Mexico City neighborhood is 9,748 pesos.  That converts to about 470 U.S. dollars.



That is definitely an enormous savings over what I was paying back in Ohio even for just half the year!

  
 

No comments:

Post a Comment