LOL. 69% of Americans use the standard deduction. Why are so many people prepaying taxes? You cant use standard deduction and then also deduct SALT or Property taxes. Politicians are clueless
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If your home is worth over 750K then sorry, I dont feel that bad for you. What did Obama say? We're going to ask the rich to pay a little bit more?
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$750k? Clearly you are in a low property tax state. In Central NY, any home assessed over approx $270 pays about 10k/yr in prop taxes, or right at the new limit.
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You're right. My mortgage is 270K for 2,800 sq ft on an acre in a private neighborhood. My property tax is less than 4K a year.
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I am jealous.

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The midwest has its perks ;)
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LOL when they get whacked with AMT and realize prepaying their property-tax bill did nothing for them.
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Blame the biased media for not fairly covering what the new law says and what it doesn't say. Misinformation is a two-way street.
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Yes certain parts of this country are going to get screwed regarding property taxes - thanks to the
man - 1 more reply
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Why? Nobody is sure yet as to what will be allowed as deductions....
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Salt limits are $7500 for 2018 and no Misc deductions to include tax prep, Employee non- reimbursed expenses!! See your tax advisor for info
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No deduction as it stands right now as the obligation occurred after 2017. Most people itemize deductions due to the SALT, mortgage& Misc
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You Need a Logo design please order me https://goo.gl/ANMXzX
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What’s the worst that could happen. Even if you don’t get a deduction, all you did was give an advance to your state govt for future tax you would’ve paid anyway. Worth a shot.
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