IRS sets conditions for deducting 2018 property taxes this year

THE IRS has said that taxpayers can deduct their 2018 state and local property taxes on their 2017 returns if they pay those tax bills before the end of the year and if the taxes were assessed before 2018. / BLOOMBERG FILE PHOTO/BLOOMBERG CREATIVE PHOTOS
THE IRS said that taxpayers can deduct their 2018 state and local property taxes on their 2017 returns if they pay those tax bills before the end of the year and if the taxes were assessed before 2018. / BLOOMBERG FILE PHOTO/BLOOMBERG CREATIVE PHOTOS
NEW YORK - Taxpayers can deduct their 2018 state and local property taxes on their 2017 returns if they pay those tax bills before the end of the year - and only if the taxes were assessed before 2018, the Internal Revenue Service said in a news release. The IRS statement comes as homeowners in states…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -