PREPAY YOUR FIRST QUARTER 2018 TAXES
As it looks like the new tax plan will be taking away the ability to deduct real estate taxes in excess of $10,000, and if you are one of those individuals who pay more than $10,000 in real estate taxes, you might think about calling your bank and asking it to pay your first quarter 2018 taxes before the end of this year. It is not a great situation for sure but if you take this step, at least the 2017 payment of your 2018 obligation will be deductible and you could save thousands of dollars.
All the best wishes for a happy holiday season to everyone. And stay positive.
Sincerely,
Mario Biaggi Jr.