I am filling out my 2017 taxes. I need to deduct the state taxes I paid last year which was 2016 state taxes. I know I need to go to Federal Taxes > Deductions and Credits > Estimates and Other Taxes Paid > Other Taxes Paid however the label for where I would enter the 2016 state taxes paid is actually labeled, "Payments for 2015 or a prior year state or local income taxes paid in 2017" Why would this say 2015? Is that a typo? If not and that is the area to enter 2015 state taxes paid, where do you enter state taxes paid for 2016 state taxes? Last year's state taxes.
No, it is not a typo. That is actually the place to enter any taxes that were assessed for 2015 or a prior year, but paid in 2017.
The entry you need is actually just two lines above the one you asked about. It is labeled: Balance Due on your 2016 state taxes paid in 2017.
Click on the thumbnail picture below for a visual reference.
No, it is not a typo. That is actually the place to enter any taxes that were assessed for 2015 or a prior year, but paid in 2017.
The entry you need is actually just two lines above the one you asked about. It is labeled: Balance Due on your 2016 state taxes paid in 2017.
Click on the thumbnail picture below for a visual reference.