https://ttlc.intuit.com/community/business-taxes/discussion/can-late-fee-for-fed-tax-for-2020-be-used-in-2021/01/2460373#M81146 Payment to federal tax was late due to incorrect bank number and I had to pay penalty fee. Can I deduct this amount on 2021 tax form? Mon, 09 Mar 2026 06:18:20 GMT BJmc302 2026-03-09T06:18:20Z https://ttlc.intuit.com/community/business-taxes/discussion/can-late-fee-for-fed-tax-for-2020-be-used-in-2021/01/2460373#M81146 Payment to federal tax was late due to incorrect bank number and I had to pay penalty fee. Can I deduct this amount on 2021 tax form? Mon, 09 Mar 2026 06:18:20 GMT https://ttlc.intuit.com/community/business-taxes/discussion/can-late-fee-for-fed-tax-for-2020-be-used-in-2021/01/2460373#M81146 BJmc302 2026-03-09T06:18:20Z https://ttlc.intuit.com/community/business-taxes/discussion/re-can-late-fee-for-fed-tax-for-2020-be-used-in-2021/01/2460404#M81147 <P>No, neither Federal tax paid nor penalties are deductible.</P> Tue, 08 Feb 2022 22:01:09 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-can-late-fee-for-fed-tax-for-2020-be-used-in-2021/01/2460404#M81147 ColeenD3 2022-02-08T22:01:09Z