I paid $5000 in May 2021 with my State tax extension for 2020, when my income came in higher than anticipated. Does this count as a Federal deduction for 2020?
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No, it's a deduction for 2021, the year it was actually paid, not the year the tax was incurred.
No, it's a deduction for 2021, the year it was actually paid, not the year the tax was incurred.
Thanks.
No. For 2021 deduction when you paid it. So next year.
Thanks.
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