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DC guide on how to pre-pay property taxes in 2017

“After Congress passed tax reform legislation, Mayor Muriel Bowser, Congresswoman Eleanor Holmes Norton, and Chief Financial Officer Jeff DeWitt announced that District property owners can pre-pay their property taxes in preparation for the upcoming tax year. The tax reform legislation limits the amount of state and local income and real property taxes that individuals may deduct from their federal income tax, beginning in calendar year 2018. Under the new law, the amount that may be deducted is limited to $10,000 of the combined local income or sales taxes and real property taxes. (This applies only to taxpayers who itemize their income tax filings; taxpayers who do not itemize will get no tax benefit by paying early.)…”

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