Can I deduct monthly federal tax payments as part of a payment plan for a previous tax year? If so where would I enter that?
031024
3 Replies
ColeenD3
Expert Alumni
Apr 19, 2022 3:36:12 AM
No, Federal income tax is never deductible.
SweetieJean
Level 15
Apr 19, 2022 8:10:37 AM
However, some states allow you to deduct it (but not any interest or penalties) on your State return.
xmasbaby0
Level 15
Apr 19, 2022 9:26:55 AM
There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon.If you are filing in one of these states watch for the deduction when you prepare your state return.