Accelerating your deductible expenses, like the property tax on your home, into the current year typically is a good strategy. Why? It will defer tax, which is almost always beneficial. However, prepaying your 2017 property tax is even more crucial this year, as there is proposed tax legislation that might reduce or eliminate the benefit of the property tax deduction beginning in 2018. Time is of the essence, so what do you need to know, and how can you get started?
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