tax

The answer may not be can you deduct those 2018 property taxes you pre-paid, but should you? (Photo courtesy TaxRebate.org.uk)

Over the  Christmas-to-New-Years week, a steady question was being asked all over Texas, thanks to the new tax bill signed by President Donald Trump last month — “Can I pay my 2018 property taxes early to take advantage of one last deduction?”

The answer is well, yes and no. The Internal Revenue Service released an advisory last week to try to tamp down the rumors (we shared it on our Facebook page to give everyone the heads up). (more…)