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perkija
New Member

In 2015 did not have enough State Tax withheld so was charged a $15 penalty. In May 2016 I made a $2k payment toward my 2016 Tax. Where do I record the payment & penalt

 
1 Reply
Carl
Level 15

In 2015 did not have enough State Tax withheld so was charged a $15 penalty. In May 2016 I made a $2k payment toward my 2016 Tax. Where do I record the payment & penalt

The penalty is not tax deductible. Taxes paid by you, and not reported to you on some other document such as a W-2 or 1099-MISC/R/INT or other form will be entered under the Deductions & Credits tab in the Estimates & Other Taxes Paid section, when you get to it.

You enter all this on the federal return, and the program will ask you for "ALL" taxes paid to "ALL" taxing authorities. Then when you get to your state return, the program will automatically carry over taxes paid to the state, to that state return, and will not ask you about them.

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