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https://www.bloomberg.com/news/articles/2017-12-27/irs-sets-conditions-for-deducting-2018-property-taxes-this-year Consider:
https://www.bloomberg.com/news/articles/2017-12-27/irs-sets-conditions-for-deducting-2018-property-taxes-this-year
Consider: what error was made in the legislative draft that is allowing an opening for taxpayers to potentially deduct prepayment of their 2018 property taxes? (Note that prepayment of 2018 state income taxes is strictly banned by the legislation.) Some taxpayers may now discover that at least some of the property taxes they rushed to prepay this week may NOT be deductible on their 2017 returns, after all. Why? And what do you think those taxpayers will now demand? What has Cuomo mandated that counties in New York State do?
