Paying estimated income taxes throughout the year is nothing new, but federal tax reform may cause more people to do it.
The possible elimination or reduction of the state and local tax – or SALT – deduction is the reason.
Nebraska Tax Commissioner Tony Fulton says if that goes away, you won’t be able to claim the deduction next year.
Members of Congress working on a tax reform bill are deciding how much of a deduction to allow, if any.
Fulton says that uncertainty is prompting Nebraskans to think ahead.
The average credit for Nebraskans claiming the state and local tax deduction in 2015 was a little more than 24-thousand dollars, according to the Pew Charitable Trusts analysis.
