A threat to the state and local tax (SALT) deduction from the federal tax reform effort has some people paying their taxes now.
Taxpayers who itemize their taxes can deduct state and local property, income, or sales taxes.
Congressional negotiators are debating how much of a tax break that should be in the future.
Nebraska Tax Commissioner Tony Fulton says that has some people interested in paying their estimated taxes before year’s end.
“We’ve heard from some people who indicate, ‘well, we’re thinking about paying our 2018 estimated payments in 2017, so we can maintain the deduction for federal tax year 2017,’” Fulton tells Nebraska Radio Network.
He doesn’t know how many will end up doing that.
Paying estimated income taxes throughout the year is nothing new, so those who do it in 2017 will not lose money by acting earlier than usual.
The Pew Charitable Trusts reports nearly 28 percent of Nebraskans took advantage of the SALT deduction in 2015.
The average credit for Nebraskans claiming it then was $24,347, according to the Pew Charitable Trusts analysis.
AUDIO: Mike Loizzo reports [:36]