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New Member

Is a 2018 federal tax penalty paid in 2019 deductible?

 
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Level 15

Is a 2018 federal tax penalty paid in 2019 deductible?

Penalties and interest are never deductible.

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Level 15

Is a 2018 federal tax penalty paid in 2019 deductible?

No.   Federal tax or any penalties you paid are  not deductible on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**