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Anyone paying 2018 local taxes in 2017 #4615417
12/27/17 08:31 AM
12/27/17 08:31 AM
Joined: Mar 2004
Posts: 20,758
Upstate NY
Donald Offline OP
Donald  Offline OP
Joined: Mar 2004
Posts: 20,758
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.


2015 Subaru Forester 2.5 engine/CVT
2015 Ford F250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615435
12/27/17 08:41 AM
12/27/17 08:41 AM
Joined: Sep 2004
Posts: 21,636
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,636
Orlando, FL
SALT really hurts many people.

Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615449
12/27/17 08:53 AM
12/27/17 08:53 AM
Joined: Nov 2013
Posts: 867
Central Coast California
RedOakRanch Online content
RedOakRanch  Online Content
Joined: Nov 2013
Posts: 867
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!


1994 Ford Crown Vic 207k-Frankenbrew 0w20,30,40!
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Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615451
12/27/17 08:57 AM
12/27/17 08:57 AM
Joined: Apr 2008
Posts: 12,865
Onondaga County
Miller88 Offline
Miller88  Offline
Joined: Apr 2008
Posts: 12,865
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!


18 Forester 2.5I 6M
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Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615475
12/27/17 09:17 AM
12/27/17 09:17 AM
Joined: Feb 2011
Posts: 865
N. Georgia Mtns
Sierra048 Offline
Sierra048  Offline
Joined: Feb 2011
Posts: 865
N. Georgia Mtns
What is "SALT"?


2014 Nissan Frontier
2014 GMC Sierra 1500
Re: Anyone paying 2018 local taxes in 2017 [Re: Sierra048] #4615479
12/27/17 09:20 AM
12/27/17 09:20 AM
Joined: Sep 2010
Posts: 7,008
Texas
4WD Offline
4WD  Offline
Joined: Sep 2010
Posts: 7,008
Texas
State and local taxes?

Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615480
12/27/17 09:20 AM
12/27/17 09:20 AM
Joined: Apr 2015
Posts: 275
Upper midwest
Mainia Offline
Mainia  Offline
Joined: Apr 2015
Posts: 275
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.

Last edited by Mainia; 12/27/17 09:21 AM.
Re: Anyone paying 2018 local taxes in 2017 [Re: Mr Nice] #4615484
12/27/17 09:25 AM
12/27/17 09:25 AM
Joined: Sep 2010
Posts: 7,008
Texas
4WD Offline
4WD  Offline
Joined: Sep 2010
Posts: 7,008
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

Re: Anyone paying 2018 local taxes in 2017 [Re: 4WD] #4615495
12/27/17 09:32 AM
12/27/17 09:32 AM
Joined: Feb 2011
Posts: 865
N. Georgia Mtns
Sierra048 Offline
Sierra048  Offline
Joined: Feb 2011
Posts: 865
N. Georgia Mtns
Originally Posted By: 4WD
State and local taxes?


Thanks.


2014 Nissan Frontier
2014 GMC Sierra 1500
Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615563
12/27/17 10:32 AM
12/27/17 10:32 AM
Joined: Oct 2014
Posts: 11,857
Idaho
CT8 Offline
CT8  Offline
Joined: Oct 2014
Posts: 11,857
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.


2015 Ford F150 2.7
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Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615570
12/27/17 10:39 AM
12/27/17 10:39 AM
Joined: Feb 2015
Posts: 65
Hamburg Michigan
Elevguy Offline
Elevguy  Offline
Joined: Feb 2015
Posts: 65
Hamburg Michigan
I pay mine in February when there due. Can’t itemize just take the standard deduction

Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615598
12/27/17 11:13 AM
12/27/17 11:13 AM
Joined: Mar 2008
Posts: 5,945
Michigan
ZZman Offline
ZZman  Offline
Joined: Mar 2008
Posts: 5,945
Michigan
No, not a high tax state and have a modest house.


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615603
12/27/17 11:17 AM
12/27/17 11:17 AM
Joined: Sep 2004
Posts: 21,636
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,636
Orlando, FL
I always pay in November due to the discount.... not waiting till February when it's due.

Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615626
12/27/17 11:39 AM
12/27/17 11:39 AM
Joined: Dec 2003
Posts: 9,805
Florida, Cape Coral
Eddie Offline
Eddie  Offline
Joined: Dec 2003
Posts: 9,805
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


CX5 Touring 2.5L :-)
Re: Anyone paying 2018 local taxes in 2017 [Re: Donald] #4615635
12/27/17 11:51 AM
12/27/17 11:51 AM
Joined: Sep 2015
Posts: 873
California
mbacfp Offline
mbacfp  Offline
Joined: Sep 2015
Posts: 873
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.

Last edited by mbacfp; 12/27/17 11:54 AM.

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