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Scoop.it!
Homeowners have raced to prepay property taxes before the new tax law takes effect. But in new guidance, the I.R.S. said the strategy wouldn’t work in many cases. No comment yet.
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Scoop.it!
With tax reform signed into law, homeowners in areas with high property taxes are scrambling to prepay their 2018 tax bill in order to take advantage of deductions that will be severely curtailed once the legislation takes effect Jan. 1.
Al Cannistras insight:
sharing this today - but any questions should be directed to your tax accountant BEFORE THE 31ST... .
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and this followup post is why we suggest talking it over with your tax accountant...
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