YEAR-END TAX PLANNING: HAVE YOU EVER THOUGHT ABOUT PRE-PAYING YOUR STATE INCOME AND PROPERTY TAXES?

Doing so may save you tax if you are able to itemize deductions on your federal return.

State and local income taxes, or sales tax if greater, as well as personal property and real estate taxes paid during the year, are deductible on your federal return when you itemize deductions.

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