/ Taxes

How To Prepay Your Property Taxes Before The New Laws In 2018

President Trump signed a law into effect which has created a frenzy among homeowners around the entire country.

This frenzy has them RUSHING to pay their 2018 tax bill, long before it's due.

The new law states that a cap of $10,000 will be placed on the amount of state and local taxes one can deduct on their tax returns.

This law greatly affects homeowners in New York and California, where taxes run exceptionally high.

This change could cost homeowners thousands of dollars.

Here are some important articles which explains in detail the proposal, as well as how state and local governments are accommodating the population, and what you can do to get ahead of the lines.

NPR.org
https://www.npr.org/2017/12/26/573628779/why-homeowners-are-scrambling-to-prepay-their-2018-property-taxes

New York Times
http://nymag.com/daily/intelligencer/2017/12/thanks-to-gop-tax-bill-people-are-prepaying-property-taxes.html

Kiplinger
https://www.kiplinger.com/article/taxes/T055-C032-S014-winners-and-losers-in-the-new-tax-law.html

Axios
https://www.axios.com/homeowners-line-up-to-prepay-their-property-taxes-2520271471.html

KTLA Los Angeles
http://ktla.com/2017/12/27/homeowners-in-high-tax-states-scramble-to-pre-pay-property-taxes/

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Derek Devore

Derek Devore

Founder of Duvora. A platform for finding and contacting pre-qualified home buyers. A great resource for anyone looking to sell real estate.

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