topic Can taxes, penalties or interest being paid for 2012 taxes be deducted in the current tax year paid in Get your taxes done using TurboTax

Can taxes, penalties or interest being paid for 2012 taxes be deducted in the current tax year paid

pdj20002002 — Tue, 04 Jun 2019 01:31:52 GMT

DoninGA — Tue, 04 Jun 2019 01:31:54 GMT

Federal income taxes owed and paid for a prior tax year, including interest and penalties, are not deductible on a federal tax return.

Zbucklyo — Tue, 04 Jun 2019 01:31:55 GMT

But state taxes can be deducted from your federal tax return in the year paid, but interest and penalties can't be deducted at all.

pdj20002002 — Tue, 04 Jun 2019 01:31:57 GMT

Thanks to both of you for your answers. I was referring to state taxes, so that is good news.