Originally Posted by calmloki
Why are you paying double property tax? I get that it reduces your taxable income, but what do you do next year? Is the property tax deduction going away in 2014?
Had last chunk of employee stock options that had to be exercised so income in 39.6% bracket plus investment tax of 2.6%. Next year won't have that issue and will be back in the 25% bracket. Deduction of property taxes this year and the DAF were more valuable to me in 2013 than they will be in 2014.
No those deductions aren't going away but I always try and lump deductions in years of high income to get the biggest bang for my deduction buck.
Plus...if I want I can pay 2015 property taxes in 2014.