JotikaT2
Employee Tax Expert

Get your taxes done using TurboTax

I'm assuming your are referring to the $800 minimum franchise tax fee paid to the state of California for your 2023 income tax return that was due in March 2024?  

 

If that is correct, then yes, you will be able to deduct that on your federal S-corporate return for 2024.

 

@asalot 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"