the wasserblawg

Cook County tax bills are due March 2nd by Michael H. Wasserman "'Tis impossible to be sure of anything but death and taxes." Christopher Bullock's infamous quote still rings true, some 300 years later.  Cook County tax bills are due March 2nd Cook County's 2020 First Installment property tax bills are due March 2nd. Surrounding counties will be due soon enough too. Thankfully, while none of us can avoid death, there are a few ways to save money on property taxes...which might make living a little sweeter. We are talking here are 2020 property tax bills that we will all need to pay this year, in 2021. Exemption eligibility is determined as of January 1st, 2020 . If you closed on property last year, you can certainly check the former owner’s status and ride on his or her coat-tails. You will not be eligible to claim exemptions you may qualify for yourself. Check out all the property-tax exemptions currently available for Cook County homeowners. Scroll below to f...

Hurry, Cook County tax bills are due March 1 "'Tis impossible to be sure of anything but death and taxes." Christopher Bullock's infamous quote still rings true, some 300 years later. Cook County's 2017 First Installment property tax bills are due March 1st. Surrounding counties will be due soon enough too. Thankfully, while none of us can avoid death, there are a few ways to save money on property taxes...which might make living a little sweeter.

By Michael H. Wasserman Paying property tax bills before the end of the 2017 may help some owners save on their federal income tax liabilities. The Tax Cuts and Jobs Act has been called the most sweeping tax reform bill in decades. Like it or not, tax reform is coming. Others might wring their hands with glee or with worry. We are already working on ways to minimize the pain this reform might cause.  One aspect of the pending tax reform plan presents a clear challenge for most Chicagoland home owners, the elimination of deductions for State and Local Taxes (SALT). The house and senate plans both limit deductibility to $10,000. Once the tax reform is signed into law, we will pay federal income taxes on the money we use to pay our local taxes exceeding that $10,000 threshold. Some homeowners who have the foresight (and lets face it, the savings) to act swiftly may want to pre-pay their first installment 2017 property tax bills this year before the tax laws kick in, so...