Should I pay property tax for 2018 before jan. 1, 2018. I live in california

tarinka · ‎June 4, 2019

macuser_22 · ‎June 4, 2019

If you have been billed for the 2018 portion of property tax, you can pay and deduct in in 2017. In 2018 your property/state/local taxes combined will be limited to $10,000, but the standard deduction is doubled so itemizing will be a higher hurdle to jump.

See this IRS advisory on deducting property tax in 2017.

https://www.irs.gov/newsroom/irs-advisory-prepaid-real-property-taxes-may-be-deductible-in-2017-if-a...

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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macuser_22 · ‎June 4, 2019

If you have been billed for the 2018 portion of property tax, you can pay and deduct in in 2017. In 2018 your property/state/local taxes combined will be limited to $10,000, but the standard deduction is doubled so itemizing will be a higher hurdle to jump.

See this IRS advisory on deducting property tax in 2017.

https://www.irs.gov/newsroom/irs-advisory-prepaid-real-property-taxes-may-be-deductible-in-2017-if-a...

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**