IRS says most people pre-paying 2018 property taxes to save on taxes won’t be able to deduct them after all. It will work in only “limited circumstances”.
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Wait till the government comes back for more taxes because you screwed up your tax return. You'll be paying a penalty I'll never trust a man that's filed for bankruptcy more than four times.pic.twitter.com/WhD4UGuvhz
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Now, how many middle class families are going to pull out checkbooks and write a property tax check significant enough for this to make a big difference? If in balance, a large majority will end up with a tax cut, what difference does it make? More breaking
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This report didn’t make it clear that “unless the tax is ASSESSED in 2017 the deduction is not valid.” which means that most people will be unable to take the deduction. It’s mentioned briefly near the end. You are doing a disservice by not warning people in a more coherent way.
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It's sad that the new tax policy is so bad that it's forcing people to pay their taxes early to try to maintain previous credits. How does this help the rising and struggling workers of America
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$10,000 limit on state tax deduction? This sounds like it affects rich people more than the middle class. I don't pay near that in state taxes.
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You mean the wealthy who can afford to prepay those taxes.
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