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I paid taxes on an ira withdrawal in 2016 for 2015.can I deduct these payments from my 2016 taxes
I withdrew money from an IRA, taxes were not taken out so I had to pay into federal and state can these be claimed on my 2016 taxes.
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I paid taxes on an ira withdrawal in 2016 for 2015.can I deduct these payments from my 2016 taxes
Federal taxes paid are not deductible at all. If you paid additional state taxes in 2016, you can deduct the state tax as an itemized deduction.
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