May 2, 2018
Ask the HOA Expert: Prepaying HOA Fees Question: Can the HOA offer discounts to those who prepay their HOA fees or special assessments?
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Ask the HOA Expert: Prepaying HOA Fees Question: Can the HOA offer discounts to those who prepay their HOA fees or special assessments?
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Prepaying Property Taxes? Look Before You Leap
The tax overhaul recently passed by Congress has a lot of changes in store for 2018, but one in particular may have a big effect on people’s 2017 tax returns. The new tax bill will cap what federal taxpayers are allowed to deduct for state and local taxes at……
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Your Money: Prepaying Property Taxes? Your Bank May Make You an Audit Risk Advertisement In my colleague Ben Casselman’s
Prepaying Your Property Taxes? I.R.S. Cautions It Might Not Pay Off Advertisement The Internal Revenue Service has a message for the homeowners rushing to prepay their property taxes before new rules take effect on New Year’s Day: Not so fast. The tax bill that President Trump signed ... NYT > Business Day
IRS cautions taxpayers on prepaying property taxes
WASHINGTON — The U.S. Internal Revenue Service on Wednesday advised homeowners who are rushing to prepay their 2018 property taxes before a law signed by President Donald Trump takes effect next year that the payment may not be tax-deductible. The law signed by Trump last week imposes a $ 10,000 combined limit on the deduction of state and local income and property taxes. There is no limit on…
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Prepaying Your Property Taxes? I.R.S. Cautions It Might Not Pay Off
Some states have encouraged residents to try to skirt the new cap on state and local tax deductions. Last week, Gov. Andrew M. Cuomo of New York signed an executive order paving the way for residents to prepay their property taxes.
“We’re doing this to circumvent the bill the president just signed?” Mr. Cuomo asked at a Friday news conference. “You’re damn right I am.”
Those efforts could still…
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How Prepaying State and Local Taxes Could Save You Money
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Some people might want to pay their 2018 property taxes this year, before new federal limits on deductions are expected to take effect. Credit Damon Winter/The New York Times
For every change in tax law, there are scores of people who want to outrun it and beat the system. Especially when it happens with less than three weeks left in the year.
S…
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Thinking about prepaying some of your 2018 taxes … well, forget about it Thinking about prepaying some of your 2018 taxes in advance of limitations imposed by the Republican tax plan? Well, forget about it. The final version of the tax legislation includes a provision that would disa... Personal Finance