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ladyeller72
New Member

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.
1 Reply
jerry2000
Alumni

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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