taxpayers want to pay their 2018 property tax bill now before the new tax code hits next week because it caps the state and local income tax and property tax deduction at $10,000 total. the calculation here is very simple. to try to take on as many deductions this year before they go away next year. the tax administrator in fairfax county says he has never seen a rush like this. this started off as a slow drip. it turned into a trickle and then a stream and now a river. we did not anticipate the numbers that have showed particularly tuesday yesterday and today much less. it s i m amazed. architects of the tax bill argue the cap is offset by lower rates. homeowners in new jersey, correct cut, new york, illinois and california could be hit especially hard. new york s governor cleared the way for prepayments last week with executive order with new jersey s governor following suited today. now the irs put out a statement today about these
united states senate. the irs issue as clarification as homeowners rush to prepare property taxes before the end of the year. gerri willis reporting from the fox business network. what is going on here, gerri? anybody know? this is a head-scratcher. we re trying to figure it out. and many people going to the tax assessor s office, particularly in the blue states with high taxes. one tax administrator has to say this. listen. this started off as a slow drip and turned into a trickle and then a stream and now a river. we did not anticipate the numbers that have showed up tuesday and then today much less. but it s i m amazed. so the good news as you mentioned, the irs has put out a statement not completely clear but here s what they say. a prepayment of anticipated real
but for others it s a simple calculation. try to take on as many deductions this year before they go away next year. in fair faction, tax administrator scott size more says tuesday alone they processed roughly 2500 prepayments. this started off as a slow drip. it turned into a trickle and then a stream. and now a river. and in a statement put out just a little while ago, the irs said these prepayments may be tax deductible, quote, under certain circumstances so if you are considering making one of these prepayments, the golden rule still applies here. before do you anything, it s probably best to pick up the phone and consult with a tax professional. mike? mike: great advice from blake burman there on the white house north lawn. blake, many thanks. thanks. mike: up next, who is the worst republican governor in america? first, here is what some of our fox affiliates around the country are covering tonight. fox 66 in erie, pennsylvania as a disaster is declared because of hea
at i.r.s. offices nationwide to protest the agency s targeting of conservative groups. meantime the white house is shifting its story about what it knew and when. the counsel s office was notified about this investigation, this activity, potential activity very broadly just a few weeks ago. on april 24, as i said, the white house counsel was informed that the inspector general for tax administrator was completing a report about i.r.s. employees improperly scrutinizing 501-c-4 organizations by using words such as tea party and patriot. gretchen: carney maintains president obama did not know about the scandal until he read about it in the news, heard about it when everybody else did which was last week. brian: straight ahead, coverage of the devastating storm continues. as soon as he heard about the approaching tornado, he rushed to the school where his five-year-old foster son attended.