DC OTR allowing for payment of 2018 taxes bc of new tax plan

[M Marie M.]

This probably only applies to DC house hackers, people whose itemized taxes are sorta simple, AND whose property tax totals more than $10K a year. I just got a couple of emails from my ANC and others about the DC Office of Tax and Revenue's (OTR) announcement that D.C. homeowners will be allowed to prepay their 2018 property taxes by the end of December 2017 in order to be able to claim a full deduction on their federal income tax returns before the new tax law kicks in capping those deductions at $10,000.00. 

I haven't given much thought to the tax plan and how it will change (if it will change) how I do things. Apparently, if I go by what OTR is saying the 10K cap is on all taxes, property, local and state income. Which stinks. When I typed this up I thought it was just property tax and it wasn't going to be an issue for me, but if it is also state income tax, that's a small challenge.

See the link to the Office of Tax and Revenue--

https://otr.cfo.dc.gov/release/statement-prepayment-real-property-taxes