turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If I owed and paid taxes last year can that be deducted

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

If I owed and paid taxes last year can that be deducted

Federal income taxes owed and paid for a prior year are not deductible.

State income taxes owed and paid for a prior year are deductible on your federal return (you can only claim the actual taxes paid, you cannot claim any penalty or interest).

For state income taxes paid:

- Federal Taxes   (Personal for Home & Business or Self-Employed)
- Deductions and Credits
- I’ll choose what I work
- Scroll down to Estimates and Other Taxes Paid
- Other Income Taxes – click Start or Update
- Scroll down to Other Income Taxes Paid in 2015
- Click Start on the taxes you paid

View solution in original post

1 Reply

If I owed and paid taxes last year can that be deducted

Federal income taxes owed and paid for a prior year are not deductible.

State income taxes owed and paid for a prior year are deductible on your federal return (you can only claim the actual taxes paid, you cannot claim any penalty or interest).

For state income taxes paid:

- Federal Taxes   (Personal for Home & Business or Self-Employed)
- Deductions and Credits
- I’ll choose what I work
- Scroll down to Estimates and Other Taxes Paid
- Other Income Taxes – click Start or Update
- Scroll down to Other Income Taxes Paid in 2015
- Click Start on the taxes you paid
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies