- Nov 30, 2001
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My wife and I bought our first house at the end of April this year. Our 2006 taxes are due in full at the end of January 2007, or in 2 payments, one at the end of January and the other in June or July 2007. We are not doing escrow, rather keeping the money in an account earning some interest. There is no additional charge to make the 2 smaller payments versus the one big one. We have the money to pay the taxes.
Is there any benefit for us to pay the taxes before the end of this year (ie, tax breaks, larger income tax refunds, etc) or should we just pay one payment in Jan. and keep the remainder in savings until June/July?
Is there any benefit for us to pay the taxes before the end of this year (ie, tax breaks, larger income tax refunds, etc) or should we just pay one payment in Jan. and keep the remainder in savings until June/July?
