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I underpaid my 2014 Fed Taxes by 3300 I paid that back on installment agreement in 2016 Can I claim that on my 2016 1040 and receive credit?

 
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Patrice
New Member

I underpaid my 2014 Fed Taxes by 3300 I paid that back on installment agreement in 2016 Can I claim that on my 2016 1040 and receive credit?

No, underpaid federal taxes cannot be claimed on your tax return.  Federal income tax payments are never deductible and the interest that you pay on past-due taxes is also non-deductible.

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