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Can I use 2015 Taxes owed as a deduction for 2016 taxes

 
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MargaretL
Expert Alumni

Can I use 2015 Taxes owed as a deduction for 2016 taxes

You cannot use federal balance due as a deduction but state and local balance due paid in 2016 does qualify.

Here is data entry:

  1. Federal Taxes
  2. Deductions & Credits
  3. Scroll down to Estimates and Other Taxes Paid
  4. Select Other Income Taxes - select Balance due on your 2015 state (or local) taxes paid in 2016

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