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tomaryf
New Member

I was assessed $4465 as an underpayment of my 2017 Federal taxes. I paid this on April 30, 2018. Is this payment deductible on my 2018 state taxes?

 
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I was assessed $4465 as an underpayment of my 2017 Federal taxes. I paid this on April 30, 2018. Is this payment deductible on my 2018 state taxes?

 Federal tax due that you paid is not deductible on your next federal return.   There is a chance it can be entered on your state return.

There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon.  If you are filing in one of these states watch for the deduction when you prepare your state return.


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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I was assessed $4465 as an underpayment of my 2017 Federal taxes. I paid this on April 30, 2018. Is this payment deductible on my 2018 state taxes?

 Federal tax due that you paid is not deductible on your next federal return.   There is a chance it can be entered on your state return.

There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon.  If you are filing in one of these states watch for the deduction when you prepare your state return.


**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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