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nebrjewel

Property Tax Deduction Question

NebrJewel
20 years ago

I need some help. Our property tax is not actually due until April 30. If I pay it by Dec 31, we can deduct it from our income tax. However, if I pay the taxes, then I can't pay some other bills and then I'll have to pay interest on those bills. Is there some kind of calculation I can use to figure out what would benefit me most - pay property tax or pay bills? Oh on another note, I am reasonably sure that our income this year will be higher than it will be next year.

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