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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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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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3 Replies

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.**
jmamataz3
New Member

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?

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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