Prepayment of 2018 Real Estate Tax

Prepayment of 2018 Real Estate Tax

  • The IRS said Wednesday that people may be able to deduct their 2018 state and local property taxes only if they were assessed and paid during 2017.
  • People can only deduct prepaid property taxes that have already been assessed by local governments.
  • Prepayments of anticipated property taxes will not be deductible.
Back To List
The Cultural Alliance of Greater Washington has worked with Bormel, Grice & Huyett, P.A., since 1988. Their knowledge of the arts and the arts community make their services invaluable. They can translate accounting terminology into a comprehensive language. For many organizations, the accounting firm of Bormel, Grice & Huyett provides the financial "information bridge." We whole-heartedly recommend Bormel, Grice & Huyett, excellent accountants who care about our arts organizations.
Jennifer Cover Payne, Executive Director, Cultural Alliance of Greater Washington

Certifications / Associations