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#4615417 - 12/27/17 07:31 AM Anyone paying 2018 local taxes in 2017
Donald Offline


Registered: 03/21/04
Posts: 20446
Loc: Upstate NY
I contacted the local tax collector and found out the amount of my local property taxes that are due in January. I will be paying them in the next few days to deduct them on 2017 taxes. So much for living in a blue state with high SALT.
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#4615435 - 12/27/17 07:41 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Mr Nice Offline


Registered: 09/12/04
Posts: 21178
Loc: Orlando, FL
SALT really hurts many people.

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#4615449 - 12/27/17 07:53 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
RedOakRanch Offline


Registered: 11/10/13
Posts: 846
Loc: Central Coast California
Fortuneatly for me even in California SALT is insignificant compared to the other benifits, I cant wait for next year's taxes!
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#4615451 - 12/27/17 07:57 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Miller88 Offline


Registered: 04/09/08
Posts: 12700
Loc: Onondaga County
I don't pay enough in property taxes and mortgage interest for the changes to affect me negatively. However, doubling the standard deduction certainly will affect me positively!
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#4615475 - 12/27/17 08:17 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Sierra048 Offline


Registered: 02/26/11
Posts: 824
Loc: N. Georgia Mtns
What is "SALT"?
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#4615479 - 12/27/17 08:20 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Sierra048]
4WD Online   confused


Registered: 09/21/10
Posts: 6362
Loc: Texas
State and local taxes?

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#4615480 - 12/27/17 08:20 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Mainia Offline


Registered: 04/06/15
Posts: 205
Loc: Upper midwest
I live in the extreme liberal state on Minnesota, I can't wait for some tax relief!!!! I am starting to like the color Orange!!! I think I am done for life now with the color Blue. Nothing changes with the color Blue. NOTHING NOTHING, it only gets worse. And my Ars Technica hurts from the Blue derangement, more then the Orange and Red. And I am Blue collar.


Edited by Mainia (12/27/17 08:21 AM)

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#4615484 - 12/27/17 08:25 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Mr Nice]
4WD Online   confused


Registered: 09/21/10
Posts: 6362
Loc: Texas
Originally Posted By: Mr Nice
SALT really hurts many people.


Yes … we don’t have state income taxes but the sales tax is statewide and fairly stable …
What is not stable is property tax … endless projects (un needed) getting voted for by people who will pay little for it … but I pay more and more… Makes it difficult to think about retirement

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#4615495 - 12/27/17 08:32 AM Re: Anyone paying 2018 local taxes in 2017 [Re: 4WD]
Sierra048 Offline


Registered: 02/26/11
Posts: 824
Loc: N. Georgia Mtns
Originally Posted By: 4WD
State and local taxes?


Thanks.
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#4615563 - 12/27/17 09:32 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
CT8 Offline


Registered: 10/09/14
Posts: 10925
Loc: Idaho
I always pay my taxes in one installment .It is not that I enjoy giving my money to the politician and government employee crime gang, but like the Mexican drug cartels if I don't pay my taxes the government goons will kill me. I really detest paying a bit over $17,000.00 per year in property taxes and recieving no more benefits than A person paying $1000.00 per year in taxes. You never really own you home. The government in the end has title.
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#4615570 - 12/27/17 09:39 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Elevguy Offline


Registered: 02/19/15
Posts: 64
Loc: Hamburg Michigan
I pay mine in February when there due. Can’t itemize just take the standard deduction

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#4615598 - 12/27/17 10:13 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
ZZman Online   content


Registered: 03/17/08
Posts: 5772
Loc: Michigan
No, not a high tax state and have a modest house.
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#4615603 - 12/27/17 10:17 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Mr Nice Offline


Registered: 09/12/04
Posts: 21178
Loc: Orlando, FL
I always pay in November due to the discount.... not waiting till February when it's due.

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#4615626 - 12/27/17 10:39 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
Eddie Offline


Registered: 12/07/03
Posts: 9559
Loc: Florida, Cape Coral
I also pay in Nov to have the discount. I will be ahead in 2018 due to the increase in the standard deduction. Ed
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#4615635 - 12/27/17 10:51 AM Re: Anyone paying 2018 local taxes in 2017 [Re: Donald]
mbacfp Offline


Registered: 09/02/15
Posts: 837
Loc: California
I believe the issue is on schedule A of 1040...state and local taxes, property taxes, personal property taxes (DMV) fees...are limited to $10,000. total dollar cap between all...anything above 10k is not deductible. Thus paying property tax this year will help if you are above 10k total.


Edited by mbacfp (12/27/17 10:54 AM)
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