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If my current year local tax due $12k, can i put it under local tax for my current year tax return

my state tax shows due $12k, can I put it under local tax for my current federal tax return
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3 Replies

If my current year local tax due $12k, can i put it under local tax for my current year tax return

No.  You deduct it when you pay it.  Which will be in 2021 so it goes on your 2021 return next year.

If my current year local tax due $12k, can i put it under local tax for my current year tax return

Thank you for the reply.  If it will be reported in 2021 under which section then?  will there be benefits for our 2021 tax return?  Appreciate your help.  

If my current year local tax due $12k, can i put it under local tax for my current year tax return

State and local taxes paid can be a federal itemized deduction on Schedule A if you don't take the Standard Deduction.    Enter it under Deductions - Taxes Paid

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