☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 6:49:44 PM

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?

0 1 514
1 Best answer
Expert Alumni
Jun 4, 2019 6:49:46 PM

No, penalties and interest are not deductible. Only the CA state tax paid in 2017 is deductible.

1 Replies
Expert Alumni
Jun 4, 2019 6:49:46 PM

No, penalties and interest are not deductible. Only the CA state tax paid in 2017 is deductible.