Re: pre-paying 2018 taxes

Posted by jerseymom on 2017/12/27 23:18:59
By Peter Jamison, Jeff Stein and Patricia Sullivan December 27 at 9:16 PM - Washington Post

People across the United States rushed this week to pay their 2018 property taxes early, hoping to take advantage one last time of a federal deduction that will be scaled back under the tax-code overhaul signed by President Trump.

On Wednesday, however, the ­Internal Revenue Service announced that those prepayments could be deducted only in limited circumstances, a decision that appeared to invalidate many taxpayers’ efforts and raised the prospect that local governments could come under pressure to refund millions of dollars.


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