- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?
You do not enter that on your 2017 federal return. Federal taxes you paid for a previous year are not deductible on your federal tax return.
There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon. If you are filing in one of these states watch for the deduction when you prepare your state return.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?
You do not enter that on your 2017 federal return. Federal taxes you paid for a previous year are not deductible on your federal tax return.
There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon. If you are filing in one of these states watch for the deduction when you prepare your state return.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?
Still have questions?
Or browse the Forums