While IRS blocks some property-tax deductions, here’s why California should be OK
As taxpayers across the nation race to pay their property taxes early, assuming they’re getting one last shot at a federal deduction set to be scaled back under the new tax rules, confusion has set in over who exactly will benefit from this early-bird strategy.
Causing even more head-scratching, the Internal Revenue Service weighed in on the matter late Wednesday, announcing that these early payments will be deductible only in certain situations. This sent off flares in East Coas
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