Last-Minute Rush to Prepay Taxes Gives Way to Confusion and Anger
- 6 years ago
Last-Minute Rush to Prepay Taxes Gives Way to Confusion and Anger
“And I can’t give them a yes or a no.”
The new tax bill, and its $10,000 cap on all local
and state tax deductions, has generated a variety of strong emotions — including anxiety and frustration — in places like Hempstead.
Normally, it would be quiet this time of year, but there is a lot of anxiety because people don’t know what the impact of the tax bill will be.”
In the last two days, more than 3,500 people came in to prepay their 2018 property taxes, 2,000 of them on Thursday.
The town had already assessed the 2018 property tax bill, allowing residents to prepay their town, county and special district taxes in 2017, he said.
In Nassau County, which includes Hempstead, the average state
and local tax deduction in the county, including property taxes, topped $20,000 in 2015, among the highest in the country, according to data from the I. R.S.
“I’m not sure it’s fun if you’re a person going through it.”
The confusion this week stems from the provision in the new tax bill
that caps the previously unlimited deduction for state and local taxes, and the I. R.S.
By Ben Casselman and Jeffery C. Mays
In Hempstead, a Long Island town where the typical property tax bill tops $10,000,
residents have lined up all week to prepay those taxes for next year.
“And I can’t give them a yes or a no.”
The new tax bill, and its $10,000 cap on all local
and state tax deductions, has generated a variety of strong emotions — including anxiety and frustration — in places like Hempstead.
Normally, it would be quiet this time of year, but there is a lot of anxiety because people don’t know what the impact of the tax bill will be.”
In the last two days, more than 3,500 people came in to prepay their 2018 property taxes, 2,000 of them on Thursday.
The town had already assessed the 2018 property tax bill, allowing residents to prepay their town, county and special district taxes in 2017, he said.
In Nassau County, which includes Hempstead, the average state
and local tax deduction in the county, including property taxes, topped $20,000 in 2015, among the highest in the country, according to data from the I. R.S.
“I’m not sure it’s fun if you’re a person going through it.”
The confusion this week stems from the provision in the new tax bill
that caps the previously unlimited deduction for state and local taxes, and the I. R.S.
By Ben Casselman and Jeffery C. Mays
In Hempstead, a Long Island town where the typical property tax bill tops $10,000,
residents have lined up all week to prepay those taxes for next year.