WICHITA, Kan. - The Republican tax bill that was signed into law by President Trump has eliminated a popular tax deduction.
Up until now, you were able to deduct property taxes from your taxes, but the law eliminated that deduction. That has led to some property owners contacting the Sedgwick County Treasurer's Office, asking to prepay their 2018 property taxes.
The treasurer's office says you can't do that. In a news release, the office says because of state law, and after consulting with the IRS, you cannot prepay your property taxes for 2018 and then deduct them on that year's taxes that are filed in 2019.
Property taxes in Sedgwick County are assessed in March for January 1 through December 31. Property owners are then billed in installments with the first due by December 20 of that year and the second due in May of the next year.
However, the Treasurer's Office says if you pay both installments in full on or before December 31, you can still make a deduction for 2017. You are urged to consult with a tax advisor before making any tax deductions.