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Detailed text transcripts for TV channel - MSNBC - 20171228:18:30:00

Some of these homeowners who are trying to prepare their 2018 property tax, it may not be tax deductible after all. why would that be? the irs said you need to have your house either assess order reassessed this year and then pay the tax, the property taxes, in 2017. most municipalities have not gotten around to given hard assessments for 2018. they turned out some assessments at the end of the year. if you prepay the tax it won t be deductible. eric, i know you ve been talking to some folks there. in upstate new york. what are they saying about all of this? so we re here in greenberg. you can see behind me lots of lines. it s been like this all day. people are happy that they re able to get in here right before the deadline with one day to go. some people are frustrated that they think the lines are too slow. they re mad at the government for rushing in this at the end of the year. it s a lot of confusion. even behind me, they re only ....

Property Tax , Property Taxes , Tax Deductible , Eric Chimney , Upstate New York ,

Detailed text transcripts for TV channel - MSNBC - 20171228:14:52:00

Homeowners are rushing to prepay their 2018 property taxes before the new tax law takes effect. you may want to hold off. the payment may not be tax deductible. i want to bring in senior editor-at-large for data journalism. eric, great to have you with us. this is a question that a lot of people are asking me. i m going to pose it to you. how could it not be tax deductible? break this down for us. reporter: it all depends. obviously, you can see behind me the greenberg town hall. they opened at 9:00. people are paying left and right. they ve got their taxes. the irs point is that you have to pay taxes on things you ve been assessed for next year. you need to have a bill in hand that says here s what you owe for next year. if you have that bill and you ....

Property Taxes , Tax Law , Tax Deductible , Data Journalism , Editor At Large , Town Hall ,

Detailed text transcripts for TV channel - MSNBC - 20171228:19:34:00

State and local tax deduction often used by people in high tax states such as new york, new jersey and california. this year, you can deduct all state and local property income and sales taxes on your federal return. but starting next year, that deduction will be capped at $10,000. people who live in high state areas have rushed to local tax offices to prepay next year s property taxes so they can take advantage of the full deduction for at least one more year. for many it may be in vain. homeowners can only deduct prepaid property taxes if those taxes were assessed this year. we ll talk to andrew cuomo who joins me live to explain why he s issued an emergency executive order for homeowners in his state. first eric is in greenberg, new york, about 25 miles north of new york city. eric, i m confused. i m sure people out there are confused. what s happening? so you can see behind me ....

New York City , Sales Taxes , Tax Deduction , Property Income , New Jersey , Property Taxes , Tax Offices , Estate Areas , Andrew Cuomo , Emergency Executive Order , First Eric ,

Detailed text transcripts for TV channel - MSNBC - 20171228:18:33:00

A democrat. both of you trying to push for a lot of this prepayment. but the republican guy who runs westchester county, he did not give out the bills for people to pay their county taxes. is that because they weren t ready or because a republican is following the party agenda? because he wanted to make president trump happy and he was voted out of office and this was his parting shot at voters for throwing him out. i think if he had gotten elected, he probably would have had the lines. that s the town supervisor here in greenberg, in westchester county. i ll send it back to you guys in the studio. thank you, eric. ron, really quickly here, some advice perhaps to homeowners who might be watching or listening on sirius who are confused, not sure what to do. where s a good place for them to go and get some help? collier county, there are also some universities around the country that provide tax advise to low income families for free. you can call some of the tax ....

County Taxes , Westchester County , Donald Trump , Parting Shot , Ron Insana , In Westchester County , Town Supervisor , Collier County , Tax Advise ,

Detailed text transcripts for TV channel - MSNBC - 20171228:17:26:00

Or broadened his base. again, president clinton was able to do that. even though he came to office with 43%, after his first year, his approval rating was about 55%, marked improvement. all right. mac mcclarty and public strategist and nbc contributor. thanks for joining us. there is a mad dash by homeowners trying to get ahead of president trump s new tax law. this is about taking care of property taxes before a critical deduction shrinks. cnbc s eric shimi is in westchester county. they re changing the deductibility of the property taxes. are folks going to be out of luck or is it going to work for them? it s going to work depending on what taxes they re paying now. here in greenberg, thaelt s the town in westchester county, they already know the money they owe ....

Hillary Clinton , Approval Rating , Donald Trump , Nbc S , Tax Law , Mac Mcclarty , Property Taxes , Westchester County , Eric Shimi ,