Solved: 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?
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    Williams2244
    New Member
    posted
    ‎June 6, 2019 8:02 AM
    last updated ‎June 06, 2019 8:02 AM

    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?

     
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    xmasbaby0
    Level 15
    Level 15
    ‎June 6, 2019 8:02 AM

    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.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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    xmasbaby0
    Level 15
    Level 15
    ‎June 6, 2019 8:02 AM

    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.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

    View solution in original post

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    jmamataz3
    New Member
    ‎June 6, 2019 8:02 AM

    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?

    Is North Carolina not one of the states that allows for this deduction?
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    xmasbaby0
    Level 15
    Level 15
    ‎June 6, 2019 8:03 AM

    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?

    No
    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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