Long lines at tax offices as homeowners try to beat hike


Make text smaller Make text larger



Photos





Homeowners are lining up in droves at local tax collection offices, hoping for one last chance to take advantage of a major tax deduction before it is wiped out in the new year.

In Hempstead, town Tax Receiver Donald Clavin said “thousands" of people packed his office Tuesday trying to pay their 2018 property and school taxes a year in advance.

“This is almost chaotic," Oyster Bay Tax Receiver James Stefanich told Newsday. He said homeowners began lining up in the cold an hour before his office opened.

Similar scenes played out at tax collection offices around the country in places with high local taxes.

The tax overhaul signed last week by President Donald Trump puts a new $10,000 limit on the amount of state and local taxes people can deduct from their income when calculating their federal tax liability.

That new cap could translate into a tax hike of hundreds or even thousands of dollars in mostly wealthier, high-tax communities in California, Connecticut, New York and New Jersey and other states.

People in some communities are trying to effectively delay that hike for a year by paying their 2018 taxes in advance, though it isn't clear whether doing so will pay off.

The new law bars deductions for income taxes paid early but is silent on prepaid property taxes. The IRS hasn't yet said how it would handle prepayments. Late on Wednesday, the IRS indicated that these payments may not save taxpayers money after all.

That uncertainty didn't stop people from flooding into local taxes offices after Christmas.

“I know later on it is going to hurt me," Scott Arbuse, of East Meadow, New York, said of the disappearing tax deduction as he waited to make a payment. “But at least I save some money now."

Across the country, Steve Sheffield made the same calculation as he went to pay his taxes in Sacramento, California.

“My accountant told me it was the thing to do," Sheffield told the Sacramento Bee. “Next year, I probably won't be able to itemize."



Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Meadow Blues Coffee plans grand opening in Chester this Saturday
— Gina Stafford has had it working for other people. She's leaving her advertising job in the city, to which she's commuted for...
Read more »
Image

Scott Reeves Jazz Orchestra coming to SUNY Orange
MIDDLETOWN - The Scott Reeves Jazz Orchestra is coming to Orange County Community College on Friday, Oct. 19.
The performance begins at 7:30 p.m. in the William and Helen...

Read more »
Image

SUNY Orange Foundation appoints U.S. Marine Corps veteran Anthony Russell student representative
– The SUNY Orange Foundation Board of Directors appointed Anthony Russell, a Marine Corps veteran and resident of Monroe, as the...
Read more »
Image

NY offers N NY offers rebates For Charging Stations
New York is offering rebates to encourage the installation of electric vehicle charging stations.
The New York State Energy Research and Development Authority is offering...

Read more »

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST COMMENTED



Find more about Weather in Chester, NY