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COOKIE1246
New Member

I was assessed a$1000 late filing fee or my state taxes 2015. Can I deduct this from this years federal taxes?

 
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xmasbaby0
Level 15

I was assessed a$1000 late filing fee or my state taxes 2015. Can I deduct this from this years federal taxes?

No.  Penalties, fines or interest for late payment  of your taxes are not deductible.  You could enter the amount of the actual tax paid, but not the interest, etc. they charged you.

If you paid taxes due in 2016 to your state or local government, you can enter that by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Other Income Taxes.  You can enter the taxes you paid, but do not include any penalties or interest.


**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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1 Reply
xmasbaby0
Level 15

I was assessed a$1000 late filing fee or my state taxes 2015. Can I deduct this from this years federal taxes?

No.  Penalties, fines or interest for late payment  of your taxes are not deductible.  You could enter the amount of the actual tax paid, but not the interest, etc. they charged you.

If you paid taxes due in 2016 to your state or local government, you can enter that by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Other Income Taxes.  You can enter the taxes you paid, but do not include any penalties or interest.


**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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