stinkfist
nuts zongo's in the house

Posts: 86,713
Joined: Nov 2011
Reputation: 11976
I Root For: Mustard Buzzards
Location: Hell House
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RE: NY taxpayers in a frenzy
(12-28-2017 01:49 PM)Kaplony Wrote: (12-28-2017 01:18 PM)shere khan Wrote: Democrats should just donate 10% more than required 40% if really rich. We should start taxing by party affilition.
Nah, they don't want to pay more themselves, they want to make someone else pay more.
#autem = their fair proportional share relative to state subsidized over inflation
fk dem.....
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| 12-28-2017 02:22 PM |
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VA49er
Legend

Posts: 32,590
Joined: Dec 2004
Reputation: 1417
I Root For: Charlotte
Location:
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RE: NY taxpayers in a frenzy
............and here is the catch on folks paying property tax early. No bill means can not pay early. Oops...
Quote:The Internal Revenue Service cautioned Wednesday that not all property-tax prepayments can be deducted amid a rush of homeowners paying their 2018 property taxes before the Republican tax law takes effect in January.
The IRS said property taxes that haven’t been assessed before 2018 won’t be deductible on 2017 tax returns. State and local law determines when property taxes are assessed and those dates vary by location, the IRS said.
“A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017,” the IRS said in its advisory.
The new tax bill signed into law on Friday caps the amount that tax filers can deduct in state and local income, sales and property taxes at $10,000, beginning next year. Many homeowners in high tax states like Massachusetts, New York and California have been scrambling to prepay their 2018 property taxes before year-end in order to claim a full deduction on their 2017 tax return. But many municipalities don’t have full 2018 property tax bills ready.
(This post was last modified: 12-28-2017 03:42 PM by VA49er.)
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| 12-28-2017 03:42 PM |
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shere khan
Southerner

Posts: 76,549
Joined: Mar 2004
Reputation: 10813
I Root For: Memphis
Location: Russia
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RE: NY taxpayers in a frenzy
(12-28-2017 03:42 PM)VA49er Wrote: ............and here is the catch on folks paying property tax early. No bill means can not pay early. Oops...
Quote:The Internal Revenue Service cautioned Wednesday that not all property-tax prepayments can be deducted amid a rush of homeowners paying their 2018 property taxes before the Republican tax law takes effect in January.
The IRS said property taxes that haven’t been assessed before 2018 won’t be deductible on 2017 tax returns. State and local law determines when property taxes are assessed and those dates vary by location, the IRS said.
“A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017,” the IRS said in its advisory.
The new tax bill signed into law on Friday caps the amount that tax filers can deduct in state and local income, sales and property taxes at $10,000, beginning next year. Many homeowners in high tax states like Massachusetts, New York and California have been scrambling to prepay their 2018 property taxes before year-end in order to claim a full deduction on their 2017 tax return. But many municipalities don’t have full 2018 property tax bills ready.
The genius of fricking these blue states cannot be overemphasized.
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| 12-28-2017 03:48 PM |
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Kaplony
Palmetto State Deplorable
Posts: 25,311
Joined: Apr 2013
I Root For: Newberry
Location: SC
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RE: NY taxpayers in a frenzy
(12-28-2017 03:42 PM)VA49er Wrote: ............and here is the catch on folks paying property tax early. No bill means can not pay early. Oops...
Quote:The Internal Revenue Service cautioned Wednesday that not all property-tax prepayments can be deducted amid a rush of homeowners paying their 2018 property taxes before the Republican tax law takes effect in January.
The IRS said property taxes that haven’t been assessed before 2018 won’t be deductible on 2017 tax returns. State and local law determines when property taxes are assessed and those dates vary by location, the IRS said.
“A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017,” the IRS said in its advisory.
The new tax bill signed into law on Friday caps the amount that tax filers can deduct in state and local income, sales and property taxes at $10,000, beginning next year. Many homeowners in high tax states like Massachusetts, New York and California have been scrambling to prepay their 2018 property taxes before year-end in order to claim a full deduction on their 2017 tax return. But many municipalities don’t have full 2018 property tax bills ready.
What a pity.
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| 12-28-2017 03:48 PM |
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VA49er
Legend

Posts: 32,590
Joined: Dec 2004
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I Root For: Charlotte
Location:
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RE: NY taxpayers in a frenzy
 Once you see it........
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| 12-28-2017 04:22 PM |
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rath v2.0
Wartime Consigliere

Posts: 58,945
Joined: Jun 2007
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I Root For: DOGE
Location: El Norte
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RE: NY taxpayers in a frenzy
Any true liberal who runs to pay their property tax early to get the tax deduction on their white privilege homes are traitors to the cause.
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| 12-28-2017 04:29 PM |
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UofMstateU
Legend

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RE: NY taxpayers in a frenzy
(12-28-2017 04:29 PM)rath v2.0 Wrote: Any true liberal who runs to pay their property tax early to get the tax deduction on their white privilege homes are traitors to the cause.
I believe some libturds would refer to this as property tax welfare.
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| 12-28-2017 04:55 PM |
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Kaplony
Palmetto State Deplorable
Posts: 25,311
Joined: Apr 2013
I Root For: Newberry
Location: SC
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RE: NY taxpayers in a frenzy
(12-28-2017 04:55 PM)UofMstateU Wrote: (12-28-2017 04:29 PM)rath v2.0 Wrote: Any true liberal who runs to pay their property tax early to get the tax deduction on their white privilege homes are traitors to the cause.
I believe some libturds would refer to this as property tax welfare.
Only if they are talking about a Republican.
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| 12-28-2017 05:01 PM |
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rath v2.0
Wartime Consigliere

Posts: 58,945
Joined: Jun 2007
Reputation: 2903
I Root For: DOGE
Location: El Norte
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RE: NY taxpayers in a frenzy
Liberals would call using the deduction now utilizing a loophole for the rich.
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| 12-28-2017 05:07 PM |
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stinkfist
nuts zongo's in the house

Posts: 86,713
Joined: Nov 2011
Reputation: 11976
I Root For: Mustard Buzzards
Location: Hell House
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RE: NY taxpayers in a frenzy
thank god for the voting bloc that woke the hell up.......
#welldoneladiesandgents
#toolong
#stillnotcertainlongterm
#mydaughter
I don't give two gaylord focks about me......
edit: those biatches in the over inflated states do......how's that poo smell now motherfockers....
(This post was last modified: 12-29-2017 01:05 AM by stinkfist.)
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| 12-29-2017 01:03 AM |
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