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Can late fee for fed tax for 2020 be used in 2021?

Payment to federal tax was late due to incorrect bank number and I had to pay penalty fee. Can I deduct this amount on 2021 tax form?
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Accepted Solutions
ColeenD3
Expert Alumni

Can late fee for fed tax for 2020 be used in 2021?

No, neither Federal tax paid nor penalties are deductible.

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1 Reply
ColeenD3
Expert Alumni

Can late fee for fed tax for 2020 be used in 2021?

No, neither Federal tax paid nor penalties are deductible.

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