Prepare NOW for Tax Changes in 2018

With the signing of the new tax legislation, everyone is scrambling to try to do some tax planning for the coming year. Starting in 2018, you will be limited to $10,000 in state and local tax deductions. This includes property taxes. So if you typically itemize your deductions, you might want to consider the following: 1. Pre-pay your property taxes. Now, if you live in a co-op, that's going to be impossible. If you escrow your taxes in your mortgage payment, you need to call your mortgage company to see if they can pre-pay them for you. You should call your county tax collection office to see if they accept pre-payments. 2. If you typically owe state and local taxes when you file your tax

Send Us a Message




NEW YORK, NY 10011

Located in Chelsea, NYC

Just West of 9th Avenue

Closest trains - 1, C, E, F & V at 23rd Street

OFFICE (212) 372 3403

FAX (212) 202 4896

  • White LinkedIn Icon
  • White Facebook Icon
  • White Twitter Icon
  • Instagram

© 2019 Walls Financial Group