Looking to Prepay Property Taxes? Check Local Timetables First

Mony
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The Internal Revenue Service sparked last-minute confusion over the eligibility of property-tax prepayments, making local governments scramble Thursday to interpret the IRS notice with just days left in the year.

Homeowners in high-tax states rushed this week to prepay their property taxes to deduct them from their 2017 federal taxes before the new tax law takes effect in January. The Republican tax legislation signed by President Donald Trump on Dec. 22 caps the amount of state and local tax deductions to $10,000, which…

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