Solved: If i file an extension and pay the tax dues will that payment be eligible for 2016 Itemized deduction when i file my taxes later
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If i file an extension and pay the tax dues will that payment be eligible for 2016 Itemized deduction when i file my taxes later

 
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Employee Tax Expert

If i file an extension and pay the tax dues will that payment be eligible for 2016 Itemized deduction when i file my taxes later

No. Taxes paid in 2017 would not be listed as an itemized deduction until next year for your 2017 tax return. In addition, only state taxes paid would be an itemized deduction.

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Employee Tax Expert

If i file an extension and pay the tax dues will that payment be eligible for 2016 Itemized deduction when i file my taxes later

No. Taxes paid in 2017 would not be listed as an itemized deduction until next year for your 2017 tax return. In addition, only state taxes paid would be an itemized deduction.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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