You'll need to sign in or create an account to connect with an expert.
Unfortunately, the U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS).
Unfortunately, the U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service (IRS).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
YTY2024
New Member
raverpup
Returning Member
DARROW
Returning Member
Nkm171964
Returning Member
gxt1
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.