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Thursday, December 28, 2017

Prepayments pose tax puzzle for Connecticut

Residents attempting to prepay their yet-to-be billed July 1, 2018, property taxes in order to claim those deductions on their 2017 federal returns might be in for a rude awakening. “In keeping with city policy, the city will accept early payments for property taxes,” a news release from Stamford Mayor David Martin’s office reads. “However, the city cannot, and does not, provide any assurance or opinion that the IRS will allow these payments to be deductible on federal income taxes for the calendar year ending on Dec. 31, 2017.” While Stamford is accepting prepayment, most area tax collectors offices are not. “We’ve had people coming in and asking about this,” said Lisa Theroux, Shelton’s tax collector.

from News http://www.ctpost.com/local/article/Prepayments-pose-tax-puzzle-for-Connecticut-12460372.php

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