turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

pvt1940
New Member

I paid interest penalty due to not enough state income taxes withheld during the year is it an expense which can be deducted from my federal tax filing for 2016 and ?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Patrice
New Member

I paid interest penalty due to not enough state income taxes withheld during the year is it an expense which can be deducted from my federal tax filing for 2016 and ?

No, you cannot deduct an interest penalty.  You cannot deduct interest you pay to the IRS or another tax agency for not paying all or part of your tax liability or not filing a return. 

View solution in original post

1 Reply
Patrice
New Member

I paid interest penalty due to not enough state income taxes withheld during the year is it an expense which can be deducted from my federal tax filing for 2016 and ?

No, you cannot deduct an interest penalty.  You cannot deduct interest you pay to the IRS or another tax agency for not paying all or part of your tax liability or not filing a return. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies