View Single Post
Old 12-28-2017, 06:37 AM   #91
jeffk
Senior Member
 
jeffk's Avatar
 
Join Date: Feb 2004
Location: Center Harbor
Posts: 1,130
Thanks: 201
Thanked 421 Times in 239 Posts
Default

Quote:
Originally Posted by fatlazyless View Post
Here's a December 27, 2017 advisory from the Internal Revenue Service concerning prepayment and deductibility ...
Seems pretty clear from the IRS. If the town hasn't given you a tax assessment/bill, any taxes paid ahead without it will fall under the new deductibility limits. If you have the bill in hand and pay by the end of 2017, they will be.

Center Harbor was late getting their tax bills out this year. They aren't "due" until into January 2018. Waiting to pay them until then, for some, might be a bad idea. Just today and tomorrow to pay?

However, since towns don't ASSESS taxes into the future, you can't get around the new federal tax SALT deduction reductions by paying to-be-assessed 2018 taxes ahead of time.
jeffk is offline   Reply With Quote