
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 cal