The race is on to prepay some 2018 taxes
Do you hear that sound? That is the sound of tax professionals across the country fluttering through the pages of the tax bill trying to figure out how to extract the maximum gain for their clients. That’s the question on the minds homeowners across the country, especially those in states with the highest property taxes. They’re looking to prepay 2018 bills ahead of a $10,000 cap on the deduction for state and local taxes, which include those on property. Taxpayers are also scrambling to find loopholes buried in the new tax code.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
