Christie orders towns to accept 2018 property tax prepay

Christie orders towns to accept 2018 property tax prepay

High on their lists was giving to charity, with almost 50 percent suggesting they are likely to increase their 2017 charitable contributions, which can be tax deductible."At Liberty Tax, we recognize tax reform as an issue of concern to taxpayers", said Liberty Tax CEO Ed Brunot.

Still, while you can't prepay income taxes, you can prepay property taxes. That's because the standard deduction will almost double to $12,000 for individuals and $24,000 for married individuals who file a joint return in the 2018 tax year. Checks and cash are the only acceptable methods of payment this year, and must be postmarked by midnight December 31, or dropped at the county's Department of Finance, in the Division of Treasury.

"Such authority remains with the local tax collectors until they settle the following year with the county", Zurzola wrote.

Suffolk County Executive Steve Bellone today announced that the county will provide clerical employees to town Tax Receiver offices to assist in handling the surge of constituents trying to pre-pay their 2018 property taxes prior to the end of this calendar year.

But the tax collector's office would not take Goldstein's check.

The new law bars deductions for income taxes paid early but is silent on prepaid property taxes.

Clarkstown will be open two hours later, until 7 p.m., on both Thursday and Friday to handle prepayments.

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That's expected to hit hard in New Jersey, where residents pay the highest property taxes in the nation. It's still unclear whether the IRS will allow taxpayers to take deductions for 2017 based on those prepayments of 2018 taxes.

"I know later on it is going to hurt me", Scott Arbuse, of East Meadow, New York, said of the disappearing tax deduction as he waited to make a payment. Howard County announced last week its residents could prepay their 2018 property tax. Homeowners will be able to pre-pay their town taxes, usually billed in January, by coming into the office or paying online.

Officials in Montgomery County, Maryland, also passed legislation to allow residents to prepay their property taxes.

The new deductions cap will impact homeowners in some states much more than others, including those in California, Connecticut, New York and New Jersey.

Lower Merion Township posted a message to residents on its website stating that, in response to "numerous inquiries from residents", the township's lawyers reviewed the matter and agreed with the county's position on state law. She's warning that not everyone should pre-pay their property taxes and it's hard to offer simple guidelines.

Christie's move is similar to an emergency order New York Gov. Andrew Cuomo issued in his state Friday that taxpayers there to prepay their 2018 taxes. "In the very next line, the tax bill gets rid of most personal exemptions".

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