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Biggest hit. there s been some confusion whether or not home owners are able to prepay and get the deduction while it lasts. blake burman with the news to try and clear up any confusion. tax collectors had decided to keep their doors open longer heading into this holiday we can to accommodate the last-minute rush by some home owners who are deciding to prepay through 2018 property taxes. for example, montclair company in new jersey just across the river from me in new york, they decided to stay open tomorrow as well. here s the issue. the new tax code is set to take place next week. it caps the state and local income and property tax deductions to $10,000. some are now deciding to load up on their deductions this year by prepaying their 2018 property bill, leading to those lines that we have seen all across the country, especially in those high tax areas. however, the irs says i can only take place if you pay before the ....