In the this past year I had a back taxes that were owned for the amount of 1200, I am curious if making this payment makes it so I can write off this payment on my taxes. I know there is a catagory for state taxes paid but is there anything for federal back taxes paid.
2007-01-29 01:08:34 · 7 answers · asked by Crystal A 2 in Business & Finance ➔ Taxes ➔ United States
No, there is no deduction for Federal taxes whether they're paid late or on time.
State income taxes paid late are deductible in the year that they're paid if you itemize. Be sure that you only report the tax, not any penalties, fees or interest.
2007-01-29 01:22:10 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You can do this for state and local taxes paid in 2006 that you owed in a previous year - add it to the other state and local taxes you enter on line 5 on Schedule A.
But you cannot deduct federal taxes you paid in any year, including this year.
2007-01-29 09:12:30 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No. You know better than this. Federal Tax does not become a write-off for Federal Tax.
2007-01-29 09:14:16 · answer #3 · answered by vegas_iwish 5 · 2⤊ 0⤋
No - federal taxes paid on time or late aren't deductible.
2007-01-29 17:37:03 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
I don't think so but don't count on me. Go to www.IRS.gov and check. They have a number you can call to make sure. If you could do that then lots of people would deliberatly pay late or underpay to in order to claim that on next years taxes. Good luck.
2007-01-29 09:13:23 · answer #5 · answered by Mawm 5 · 0⤊ 2⤋
yes if you have paid them then you can clain them....make sure yu get everything coming to you cause believe me and everybody on this planet the Governemt will get whats theirs.....Have a good one!
2007-01-29 09:20:51 · answer #6 · answered by Anonymous · 0⤊ 3⤋
yes you can claim that payment, I'm not sure what form you use though.
2007-01-29 09:13:35 · answer #7 · answered by pooh 6 · 0⤊ 3⤋