December 2017

Luzerne County resident Tom Benz wanted to prepay his 2018 property taxes this week, but county officials said prepayments aren't allowed by state law. Benz estimated he would save $900 if he could receive a credit for paying 2018 county,…

A 1040 tax form (Mark Lennihan / AP) UPDATE: The Internal Revenue Service said Wednesday night that homeowners can only deduct prepaid property taxes from their next tax returns if those property taxes were assessed and paid in…

There could be benefits Changes to federal tax law expected to take effect for the 2018 tax year have raised questions about the potential benefits of prepaying state and local taxes. Under current law, state and local tax…

The major estate and gift tax change in the Conference Committee's version of the Tax Cuts and Jobs Act of 2017 is the doubling of the built-in estate tax exemption. estates and gifts at $11.2 million adjusted for inflation for deceased…