News Flash

Deerfield News

Posted on: March 29, 2018

Illinoisans Allowed to Deduct Prepaid Property Taxes

The more than 20,000 Lake County taxpayers who prepaid their property taxes last December are allowed to deduct their prepaid property taxes on their 2017 federal tax return, according to a statement from the U.S. Treasury Department.


The U.S. Department of the Treasury agreed that an advisory issued by the IRS does not address Illinois and, therefore, taxpayers in Illinois are not bound by the IRS guidance and are able to deduct their prepaid property taxes.


Get more information from the Lake County Treasurer's office here

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