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Is a 2018 federal tax penalty paid in 2019 deductible?
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July 2, 2020
3:52 PM
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Get your taxes done using TurboTax
Penalties and interest are never deductible.
July 2, 2020
3:53 PM
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Get your taxes done using TurboTax
No. Federal tax or any penalties you paid are not deductible on your tax return.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
July 2, 2020
3:53 PM