If you prepaid your 2018 property taxes, you can’t deduct them on your 2017 NJ tax return

New Jerseyans who rushed to pay their 2018 property taxes before Dec. 31 won’t be able to deduct the expense from their 2017 state income taxes, the New Jersey Society of CPAs advised Thursday. While the IRS issued instructions last month that some 2018 prepayments are deductible from federal income taxes in 2017 if you’ve already…



Posted: January 11th, 2018 | Author: | Filed under: New Jersey | Tags: , , , | 2 Comments »

2 Comments on “If you prepaid your 2018 property taxes, you can’t deduct them on your 2017 NJ tax return”

  1. Learn to share said at 6:47 am on January 12th, 2018:

    I wish you tax evading Democrats in NJ would stop crying and start paying your “fair share”.

  2. Shell games said at 7:12 pm on January 12th, 2018:

    and the sad part is, too many fall for it, every time. We are so beat..