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February 1, 2020
Question

Estimated Fourth Quarter State Tax (i.e. 1/15/2020)

  • February 1, 2020
  • 1 reply
  • 0 views

Can I deduct the Estimated Tax for 1/15/2020 sent to cover Estimated Tax appearing on the 2019 Tax Form? This is an Estimated Payment toward the amount owed for the 2020 Tax.

    1 reply

    RobertG
    February 1, 2020

    No, you deduct State taxes in the year you pay them.  

     

    State estimated tax for 2019 paid on 1/15/2020 would be deductible on your Federal return for 2020.

     

    State estimated tax for 2018 paid on 1/15/2019 would be deductible on your Federal return for 2019.

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