Re: pre-paying 2018 taxes

Posted by Sam112 on 2017/12/27 22:59:42
IRS guidance came out tonight ( ... cumstances-466865593.html)
To be deductible, 2018 property taxes must be assessed and paid in 2017.
If my understanding is correct, then this means that only half of the 2018 taxes (1st half of the year which have been assessed) would be deductible if paid by Dec. 31.
Not sure what the impact of the property tax re-evals may mean??
FYI - The JC tax dept was accepting payments for as much of 2018 as you wanted to pay. They were pretty efficient given that I'm sure they were not anticipating this wrinkle of the GOP tax bill.

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