Interest paid on taxes

[dick16]

I filled late and had to pay IRS interest. Can I deduct that any where on my taxes this year?

[AR_CPA2]

Hello dick16, 

IRS Interest paid on the late tax payment is not deductible anywhere on the tax return.  

You can avoid this interest with proper planning.  If your income is mainly from wages, have them withhold enough tax and if your income is mainly from self-employment, pay enough quarterly estimated tax payments.  If you happen to file extension, know that the extension is only for filing, not for the balance due.