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Are installment payments for past taxes, tax deductible

 
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Are installment payments for past taxes, tax deductible

For a federal tax payment plan, no, that is not deductible at all.

For a state tax payment plan, you can deduct the amount for taxes in the year that you pay it, but not any penalties or interest, only the tax.
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Alumni

Are installment payments for past taxes, tax deductible

For a federal tax payment plan, no, that is not deductible at all.

For a state tax payment plan, you can deduct the amount for taxes in the year that you pay it, but not any penalties or interest, only the tax.