turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts All About the Refund! >> Event happening NOW!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I owed taxes for 2015 that I paid in 2016. Can I deduct that?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I owed taxes for 2015 that I paid in 2016. Can I deduct that?

If these were Federal income taxes, No, they are not deductible in your 2016 Federal income tax return.

If these were state income taxes, they can be included in your state and local income tax itemized deduction on Schedule A.  Only the tax can be included; not any interest or penalties.

View solution in original post

1 Reply

I owed taxes for 2015 that I paid in 2016. Can I deduct that?

If these were Federal income taxes, No, they are not deductible in your 2016 Federal income tax return.

If these were state income taxes, they can be included in your state and local income tax itemized deduction on Schedule A.  Only the tax can be included; not any interest or penalties.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies