I am filing my 2016 taxes. Can I deduct the amount of extra tax, penalty or interest because of an error on my 2015 taxes so long as I made the payments in 2016?

madincovert · ‎June 4, 2019

2015 Late Payments Paid in 2016.

TomD8 · ‎June 4, 2019

You cannot deduct any federal tax, interest, or penalties that you paid.

You may be able to deduct state taxes that you paid, but not any penalties or interest.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

TomD8 · ‎June 4, 2019

You cannot deduct any federal tax, interest, or penalties that you paid.

You may be able to deduct state taxes that you paid, but not any penalties or interest.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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