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I paid income tax installments during 2016 for 2015 taxes owed can I deduct these payments as an expense on my 2016 tax return?

 
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AmyT
New Member

I paid income tax installments during 2016 for 2015 taxes owed can I deduct these payments as an expense on my 2016 tax return?

If they were state income taxes and you itemize your deductions, you are able to include this amount under state income tax payments.

Note:  Federal taxes paid are never a deduction on your federal return.

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1 Reply
AmyT
New Member

I paid income tax installments during 2016 for 2015 taxes owed can I deduct these payments as an expense on my 2016 tax return?

If they were state income taxes and you itemize your deductions, you are able to include this amount under state income tax payments.

Note:  Federal taxes paid are never a deduction on your federal return.

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