Should we prepay any type of taxes before the end of the year, in light of the new tax law?

posted

Connect with an expert

2 Replies

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

You could prepay property taxes. See this:

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

But watch out for AMT.

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

When it comes to state and local INCOME taxed, the tax bill has provisions written into it preventing people from getting any 2017 deduction by prepaying their 2018 tax bill.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

Do you have an Intuit account?

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

Should we prepay any type of taxes before the end of the year, in light of the new tax law?

Unlock tailored help options in your account.

Get more help

Related Content