Eric Olson

Eric Olson

Akerman LLP

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Tax Reform: With Massive Overhaul Now Law, Prepayment of Property Tax May Benefit New York Property Owners

On December 22, 2017, President Donald J. Trump signed the Tax Cuts and Jobs Act (Act), which beginning in 2018 caps at $10,000 the allowable deduction for payment of state and local income, sales, and property taxes. While...more

1/3/2018  /  IRS , New Legislation , Property Tax , State and Local Government , State Taxes , Tax Cuts and Jobs Act , Tax Reform , Tax Returns , Trump Administration

Tax Reform: With Massive Overhaul Now Law, Prepayment Of 2018 Property Tax May Benefit New York Property Owners

On December 22, 2017, President Donald J. Trump signed the Tax Cuts and Jobs Act (Act), which beginning in 2018 caps at $10,000 the allowable deduction for payment of state and local income, sales, and property taxes. While...more

12/27/2017  /  Alternative Minimum Tax , Governor Cuomo , Local Taxes , Property Tax , State and Local Government , State Taxes , Tax Deductions , Tax Reform
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