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ctatlo01
New Member

Tax penalty for 2013 paid in 2016

 
1 Best answer

Accepted Solutions
jerry2000
Alumni

Tax penalty for 2013 paid in 2016

Federal taxes paid for any prior year are not deductible.

State taxes paid for a prior year are deductible in the year paid,

But only the tax.  Penalties and interest are never deductible.

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1 Reply
jerry2000
Alumni

Tax penalty for 2013 paid in 2016

Federal taxes paid for any prior year are not deductible.

State taxes paid for a prior year are deductible in the year paid,

But only the tax.  Penalties and interest are never deductible.

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