2007-12-23 22:06:15 · 2 answers · asked by great_and_mighty_adam_levine 4 in Business & Finance ➔ Taxes ➔ United States
State quarterly tax payments, deductible on federal return.
2007-12-23 22:36:49 · update #1
Quarterly tax paymets are not "deductions" but a pre-payment of your tax liability. The 4th one isn't actually due until 1/15/08 and should be postmarked by that date to be considered on-time.
Addendum: OK, the deduction for state taxes paid is only for those actually paid in 2007. Those would need to be paid by 12/31/07 to be deductible. If you mail it on the 30th or 31st, I'd recommend getting proof of mailing.
2007-12-23 22:16:28 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 1⤋
Postmark by 12/31 will support your deduction. But if you have AMT tax like a lot of people you will lose the deduction anyway for AMT purposes.
2007-12-24 02:05:39 · answer #2 · answered by spicertax 5 · 0⤊ 0⤋