Early tax payments weren't a victory
Apr 19, 2018 4:46 PM -
I got two pieces of unsolicited mail in a 10-day period recently from Congressman Peter Roskam, and each was sent at taxpayer expense. These mailings touted his victory in a "battle with the Internal Revenue Service" over whether people could deduct prepayment of their 2017 property taxes. The congressman is a paper tiger. People prepaid their 2017 property taxes in droves last year for one reason and one reason only: the hastily passed tax law that Roskam strongly supported. That law got rid of the full deductibility of property taxes paid after 2017, so last year was the last time those taxes could be deducted.