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Deductions & credits
https://www.irs.gov/faqs/itemized-deductions-standard-deduction
Interest and penalties paid to the IRS on federal income taxes aren't deductible.
For more information, refer to Items You Can’t Deduct in the Interest Expense chapter in Publication 17, Your Federal Income Tax for Individuals.
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Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.
August 17, 2019
12:42 PM
23,230 Views