Did you pre-pay your property taxes due for fiscal 2018 in order to deduct them from your 2017 federal tax filing?

THE NEW TAX BILL has taxpayers looking to make moves to bolster their financial edge before the new tax season when a new set of rules takes effect. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
THE NEW TAX BILL has taxpayers looking to make moves to bolster their financial edge before the new tax season when a new set of rules takes effect by paying and then deducting property taxes for fiscal 2018 in the 2017 tax year. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
Among the many changes the federal tax overhaul brings is the limit on the deductability of state and local income and property taxes. Whereas up until now there was no limit on how much in local and state taxes that individuals could deduct from the income, starting in 2018 that amount will be limited to…
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