Is 4th quarter tax estimated payments deductable prior year if not paid until january

[cchas]

I pay estimated tax payments quarterly. The last quarter of 2014 was not paid until Jan 15 of this year, 2015. Can I deduct this payment for my 2014 federal taxes even though it was not paid until this year?

[Howard1948 · Accepted solution]

Your Jan 2015 estimated tax payment for Federal income taxes is includable in your Federal estimated taxes paid toward your 2014 tax liability.  The same payment for your state income taxes is includable for your state 2014 taxes, but is NOT deductible as a state and local income tax payment for purposes of your 2014 itemized deductions.