Are installed payments to the IRS made in 2018 for 2017's tax year deductable?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Are installed payments to the IRS made in 2018 for 2017's tax year deductable?

Unfortunately, they're not. There's no allowable deduction on your return for paying prior year taxes.

View solution in original post

4 Replies

Are installed payments to the IRS made in 2018 for 2017's tax year deductable?

Unfortunately, they're not. There's no allowable deduction on your return for paying prior year taxes.

Are installed payments to the IRS made in 2018 for 2017's tax year deductable?

If they were, everybody would be on the Installment Plan.

Are installed payments to the IRS made in 2018 for 2017's tax year deductable?

Good point

Are installed payments to the IRS made in 2018 for 2017's tax year deductable?

Very good point!

Still have questions?