Salina, KS

Now: 41 °

Currently: Fair

Hi: 46 ° | Lo: 25 °

Taxpayers Can Pay Off, Deduct 2018 Property Taxes In 2017

Metro Source NewsDecember 28, 2017

Many Americans are prepaying their property tax before a new law takes effect.

The IRS says taxpayers can deduct their 2018 property taxes from this year’s taxes as long as they are prepaid during 2017. A statement from the IRS explains that in order for 2018 local and state property taxes to be deductible from this year’s taxes, they have to be assessed and prepaid before the new year.

The new law caps the amount of local and state property taxes people can deduct.

Many are pre-paying those bills before the law takes effect.

Copyright © Rocking M Media, 2018. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :

COMMENTS

STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Grandson of KSU Football ...
January 18, 2018Comments
Earl Bane Foundation Supp...
January 17, 2018Comments
VIDEO: Bob Dole Honored W...
January 17, 2018Comments
Fake $100 for Gum
January 17, 2018Comments

LATEST TWEETS

Read all tweets
© 2007 - 2018