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Can I deduct federal taxes paid for prior years - 2016 or 2015 - that were paid in 2017?

Forum|Forum|7 years ago
June 6, 2019
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Best answer by DoninGA

Federal income taxes owed and paid for a prior tax year are not reported on nor deductible on a federal tax return.

DoninGAAnswer

Employee

Federal income taxes owed and paid for a prior tax year are not reported on nor deductible on a federal tax return.

X

xmasbaby0

Employee

There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon. If you are filing in one of these states watch for the deduction when you prepare your state 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.**

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JLNDAB92

@xmasbaby0 I'm way behind on my 2019 return and working through it now. I'm in the State Return and I am to the question about "Prior Year Federal Tax." We paid tons of taxes in 2019 for years 2017 and 2018, so when I follow the directions given; adding all of the payments (not interest or fees) and then divide the amount between my spouse and I based on our income ratio, it spikes the state (Iowa) refund hugely. I'm nervous I haven't done this correctly and if I submit it, that it will come back to haunt me. Is this really a thing? 2019 was just a very atypical year for us, so I am fearful this anomaly will send up a red flag? It just seems too good to be true.