Pre pay your property tax for next year this year! Will be able to count against 2017 taxes. Republicans meant to ban pre payment but forgot to. Prepayment for income taxes is no good. Only property.

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Posting as :
works at
You are currently posting as works at

Unless you are or it would then make you subject to AMT which would then capture the benefit of that prepayment back. For AMT'ers may as well just hold onto the cash another year

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What happens when you use napkins to scribble the plan on.

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Did you get this off an email from a distant Uncle?

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I don't think they forgot. Just lots harder to manage as property deadlines are all over the place and set by thousands of taxing authorities.

Anyways, yes this is good advice for most people. At worst, it makes no difference (e.g. If you're a standard deductor anyway).

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