![U.S. taxpayers rush to claim deductions under threat from tax bill]( "U.S. taxpayers rush to claim deductions under threat from tax bill")
By Elizabeth Dilts NEW YORK (Reuters) - Financial advisers and accountants are working overtime as many U.S. taxpayers scramble to pay the rest of their 2017 taxes before Jan. 1 when the proposed Republican tax overhaul would sharply cut the amount they can deduct on federal tax bills. The tax legislation, which top U.S. Republicans said on Sunday they expected Congress to pass this week, caps the amount of state, local and property taxes individuals can deduct from their federal tax bills at $10,000. The average American who itemized his or her tax bill in 2015 claimed more than $27,000 in deductions.
from Yahoo News - Latest News & Headlines http://ift.tt/2CWJxFJ
