Thursday, December 21, 2017

Jersey City allowing residents to prepay 2017 taxes due to Trump tax bill

Jersey City and the Fulop Administration are telling and allowing residents to prepay their 2018 estimated tax bill to take advantage of the current tax law. If you were to pay your 2018 taxes on say January 5th you'd only be able to deduct $10,000.00 on your 2018 taxes, the ones you'll file by April 2019. Paying your 2018 by December 31st will allow the full deduction on your upcoming April taxes. Confused? Follow this handy link on how it's done and what to expect.

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