income-based itemized deduction reduction

Accelerate Your Property Tax Payment Into 2017

Accelerate Your Property Tax Payment Into 2017

Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property

Sonya Foster2021-04-12T14:57:10-06:00December 12th, 2017|

Accelerating Your Property Tax Deduction to Reduce Your 2016 Tax Bill

Accelerating Your Property Tax Deduction to Reduce Your 2016 Tax Bill

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year typically is a good idea. Why? Because it will

Sonya Foster2021-04-12T14:58:22-06:00December 27th, 2016|