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Why is 4th Quarter Estimated Payment counts toward state income tax in Schedule E
In January 2025, I made a 4th quarter estimated payment for my 2024 state tax return. I noticed that for my 2025 federal tax return, TurboTax included this amount in line 5a (state and local income taxes) of the itemized deduction (Schedule E). Is this correct? Wouldn't this be a double credit since I have already reported this amount in my 2024 state tax return?
‎February 17, 2026
10:12 AM