Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
T
tessy82000
April 16, 2025
Solved

Do I qualify for a repayment credit after I paid off over $5000 in state taxes due in 2024?

  • April 16, 2025
  • 2 replies
  • 0 views
No text available
Best answer by AmyC

A repayment credit is when you were paid money from somewhere and had to pay it back. If you were just paying the taxes you owe, that would be part of your itemized deductions on Sch A and entered as tax paid.

 

2 replies

X
xmasbaby0
Employee
April 16, 2025

I HAD TO PAY BACK TAX OWED 

The money you paid to the IRS for a previous year’s federal tax return is not deductible, so you do not enter it anywhere on your 2024 return.  If you paid taxes due in 2024 to your state or local government, you can enter that by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Other Income Taxes.  You can enter the taxes you paid, but do not include any penalties or interest.

**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.**
AmyC
AmyCAnswer
Employee
April 16, 2025

A repayment credit is when you were paid money from somewhere and had to pay it back. If you were just paying the taxes you owe, that would be part of your itemized deductions on Sch A and entered as tax paid.

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification