Do you hear that sound? That is the sound of tax professionals across the country fluttering through the pages of the tax bill trying to figure out how to extract the maximum gain for their clients. That’s the question on the minds homeowners across the country, especially those in states with the highest property taxes. They’re looking to prepay 2018 bills ahead of a $10,000 cap on the deduction for state and local taxes, which include those on property. Taxpayers are also scrambling to find loopholes buried in the new tax code.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.