Is this an amount that has been assessed? Or is this an amount that has been assessed and paid in 2024?
Is this penalty related to a self-employment activity? Or related to your personal income tax return?
What state is involved?
I said it wrong. It is underpayment and it is California personal income taxes.
thank you.
It is for 2023 state tax and was paid in 2024.
What state? Did you receive a 1099-G or any other type of tax form? Interest and penalties are generally not deductible.