Follow Us On Twitter

Follow on twitter

Tuesday, December 26, 2017

Pre-pay taxes While You can to minimize tax bill in 2017 ..

Now that the new tax law has been signed by President Trump, there are steps you may consider taking right now before year end. For example, personal property taxes may make sense to pre-pay in 2017 with standard deduction doubling for next year. According to San Jose Mercury News - https://www.mercurynews.com/2017/12/22/can-you-pre-pay-your-2018-taxes-to-avoid-the-gop-tax-bill-heres-what-you-need-to-know/ Here’s the short form: You can’t pre-pay your 2018 state income or property taxes. But you can pay the last installments of your 2017 taxes — which are not due until next year — before 2018. If you itemize, doing so could save you big money on your federal tax bill this year. Starting next year, the tax overhaul that President Donald Trump signed into law Friday caps the deductions for state and local income and property taxes at $10,000 combined.

10 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. This comment has been removed by the author.

    ReplyDelete
  3. This comment has been removed by the author.

    ReplyDelete
  4. This comment has been removed by the author.

    ReplyDelete
  5. This comment has been removed by the author.

    ReplyDelete
  6. This comment has been removed by the author.

    ReplyDelete
  7. This comment has been removed by the author.

    ReplyDelete
  8. This comment has been removed by the author.

    ReplyDelete
  9. This comment has been removed by the author.

    ReplyDelete
  10. I never thought that I will be qualify for a loan that Officer Pedro and his loan company granted me which was very smooth and transparent in every conversation that we make through the loan process, I will once again thank him and his loan organization for a job well done by offering me a loan of 22 million Euro with the low rate of 2% annual return they are genuine and loan register company with simple terms and conditions.Contact the loan company through  pedroloanss@gmail.com

    ReplyDelete