Even without tax rate and other changes, there is usually a tax deferral advantage to a January payment. In the sausage-making of tax reform, try to analyze if you are better off in 2017 or 2018. Sale or settlement money in December 2017 means a tax return due in April 2018. Of course, consider too that the tax bill kills state tax deductions, making California and other high tax states extra expensive. As you consider 2017 vs. 2018 payments, get some advice and run some numbers.

Source: Forbes November 06, 2017 13:52 UTC