Just to follow up we're married filing joint - paid the second half of FY 2017 taxes of $ 2,500 and first half of fy 2018 at $ 2,500 so we have $ 2,500 we can pay early 12 29 17 to use when we itemize 2017 taxes. Next year the standard deduction will be $ 24,000 and we wouldn't itemize then - just take the standard deduction. We also have mortgage interest and charitable deductions that will total about $ 17,500 this year plus the early payment of the $ 2,500 for balance of FY 2018 taxes. Paying early seems to make sense for us, correct?
