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I paid a $40 penalty on my 2016 CA state tax due to low estimated tax payments. Is that deductible as part of the 2016 tax paid?
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I paid a $40 penalty on my 2016 CA state tax due to low estimated tax payments. Is that deductible as part of the 2016 tax paid?
No, penalties and interest are not deductible. Only the CA state tax paid in 2017 is deductible.
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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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I paid a $40 penalty on my 2016 CA state tax due to low estimated tax payments. Is that deductible as part of the 2016 tax paid?
No, penalties and interest are not deductible. Only the CA state tax paid in 2017 is deductible.
**Join us for our "All about the refund" event, sign up here
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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