Lakewood Township has announced that people can come into their office to prepay property taxes since online you can only pay half of 2018.
Bad idea!
Letter released by the IRS today
Basically what this means is that the IRS announced today that you will only get a deduction for the amounts that were already assessed. In Lakewood for example the February 1st and May 1st bills were already assessed and are payable online.
While the township has said they will accept payments in their office for the second half of 2018, that will not help anyone’s taxes and will even hurt them on their 2018 NJ return.
Yes Lakewood is happy and willing to accept your prepayments for the entire year, but going into the office to make payments for the second half of 2018 is a bad idea.
The only way that this would work is if Lakewood within the next 24 hours would quickly assess people’s bills for the second half of 2018 and then people went in and pay that. There is clearly not enough time for that to happen and therefore anyone who goes into the office to make payments is simply wasting their time and cash flow.
(TLS welcomes your letters by submitting them to [email protected])
Touchdown!
The headline here should be changed to prepaying taxes in the office a bad idea
The writer agrees that the first 2 should be paid
I don’t have the money to pre-pay my taxes anyway.
Just think what the Politicians in Trenton are going to spend all this new found money coming in. They are going to spend like crazy and when they run out of this new found money they will raise our taxes to make up for their spending spree….