Are federal tax payments sent with 2005 returns deductible on 2006 returns?

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Are federal tax payments sent with 2005 returns deductible on 2006 returns?

2007-03-07 16:08:53 · 3 answers · asked by jkroll99 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

No, federal tax payments are not deductible. However, state tax payments could be deducted on the federal return as an itemized deduction (Schedule A.)

2007-03-07 16:38:47 · answer #1 · answered by tma 6 · 0⤊ 0⤋

Federal income tax isn't deductible on federal returns. Only state and local taxes can be deducted, and then only if you itemize.

2007-03-08 00:56:40 · answer #2 · answered by Judy 7 · 1⤊ 0⤋

simple answer--no. If you owed taxes and paid them good for you--getting any of it back is a no.

2007-03-08 00:13:03 · answer #3 · answered by lilabner 6 · 0⤊ 0⤋