Taxpayers are scrambling to prepay their 2018 property taxes and municipal clerk offices are adding hours to cope with the demand as homeowners look to save money before new limits on state and local tax deductions kick in. It’s not entirely clear yet, however, whether all of those efforts will pay off. Here’s what local government… Read the rest of this entry »Posted: December 28th, 2017 | Author: admin | Filed under: New Jersey, News | Tags: 2018 Property taxes, New Jersey, New tax law, news, NJ Property Taxes | Comments Off on The IRS has spoken. Can you deduct your 2018 property tax prepayments?
Any New Jersey homeowner rushing to town hall to pay next year’s property tax bills before the new federal tax law kicks in Monday no longer needs to worry about being turned away. Gov. Chris Christie on Wednesday issued an executive order requiring that all municipalities in the state accept 2018 property tax payments and allow… Read the rest of this entry »Posted: December 27th, 2017 | Author: Art Gallagher | Filed under: Chris Christie, New Jersey, Taxes | Tags: 2018 Property taxes, Chris Christie, New federal tax law, NJ Property Taxes | 2 Comments »