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hdmmac
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Due to the change in the tax law concerning state and local taxes can I deduct my 2018 property taxes if I prepay them in 2017.

 
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Due to the change in the tax law concerning state and local taxes can I deduct my 2018 property taxes if I prepay them in 2017.

Yes, but only if your municipality will accept them. But watch out for AMT.

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3 Replies

Due to the change in the tax law concerning state and local taxes can I deduct my 2018 property taxes if I prepay them in 2017.

Yes, but only if your municipality will accept them. But watch out for AMT.

Due to the change in the tax law concerning state and local taxes can I deduct my 2018 property taxes if I prepay them in 2017.

A new IRS advisory on that:

<a rel="nofollow" target="_blank" href="https://www.irs.gov/newsroom/irs-advisory-prepaid-real-property-taxes-may-be-deductible-in-2017-if-a...>
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Due to the change in the tax law concerning state and local taxes can I deduct my 2018 property taxes if I prepay them in 2017.

Thanks for posting that.

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