IRS Rules on Tax Prepayments — Updated at 12:35 p.m. — Taxpayers hoping to get an additional deduction by prepaying their local property taxes may be out of luck. The IRS ruled late Wednesday afternoon that prepayments can only be deducted in limited circumstances that may not apply to many local jurisdictions — but are, reportedly, applicable to others. The ruling comes after local residents have already prepaid millions in taxes. One tipster told ARLnow.com that there was a line of “probably forty people,” some “paying for up to three years,” at the Arlington County treasurer’s office Tuesday morning. [Washington Post]
Disabled Train Delays VRE — Virginia Railway Express trains were delayed during the morning rush hour due to a disabled freight train north of Crystal City. [Twitter]
