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Last-minute rush to prepay taxes gives rise to confusion, anger
The ire stems from the provision in the new US tax bill that caps the previously unlimited deduction for state and local taxes
Add BT as a preferred sourcePublished Fri, Dec 29, 2017 · 09:50 PM
New York
IN Hempstead, a Long Island town in New York where the typical property tax bill tops US$10,000, residents have lined up all week to prepay those taxes for next year.
They have been trying to save thousands of dollars before the new federal tax bill, which goes into effect on New Year's Day, sharply limits deductions for state and local taxes.
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