Pay 2018 Property Taxes Early to Deduct on Federal Income Taxes in April

December 26, 2017

 

The Tax Bill that was just passed limits deductions for state and local property, income and sales taxes to $10,000 starting in 2018. Pay before midnight on December 28 and you'll likely still get these deductions in 2018 (no guarantees, though). See below for more info on how to decide if paying your property taxes by 11:59pm on Thursday, 12/28 deadline is right for you. We also suggest that you speak with your accountant.

 

Patch.com article for more info:

https://patch.com/new-york/new-york-city/nyc-residents-can-pay-2018-property-taxes-early-city-says 

 

NYC Department of Finance -- Ways to Pay:

http://www1.nyc.gov/nyc-resources/service/3032/property-tax-bills-and-payments 

 

Governor Cuomo Executive Order:

https://www.governor.ny.gov/news/governor-cuomo-takes-emergency-executive-action-deliver-property-tax-deductibility-new-yorkers

 

 

 

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