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As I just got my california property tax bill, with installments due in december and april.....and I'm setting up the payments to be paid electronically....

I'm assuming that this year this is no great incentive to pay off the April installment before Dec 31 (my 2018 income will remain the same as 2019). Am I correct in this assumption??


It depends. Will you be able to itemize deductions this year? Will you be able to itemize deductions next year? If by 'bunching' the property tax payments into this year, or into next year, will that make you eligible to itemize in one of those years, considering that you are now limited to $10k in deductions for state and local taxes, and that the standard deductions have increased significantly?

Timing of property tax payments is more about the deductibility of the property tax payments than it is about your annual income.

AJ
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