Taxes

IRS cautions U.S. taxpayers on prepaying property taxes

The U.S. Internal Revenue Service on Wednesday advised homeowners who are rushing to prepay their 2018 property taxes before a law signed by President Donald Trump takes effect next year that the payment may not be tax-deductible.

GOP tax reform and changes to your paycheck

Now that the GOP has passed its sweeping tax reform legislation, which is expected to alter tax rates for millions of Americans, it may not be too long before some employees see those changes reflected in their paychecks.

Business Highlights

___ Trump signs, lauds tax overhaul, off to Florida for holidays WASHINGTON (AP) — President Donald Trump has signed into law a $1.5 trillion bill that provides generous tax cuts for corporations and the wealthiest Americans, plus smaller cuts for middle- and low-income families.