All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Pioneer
Posts: 2
Registered: ‎04-16-2018
Accepted Solution

State tax owed last year

A state tax refund from last year is treated as taxable income this year.

 

What is the treatment for extra tax paid but not withheld last year? is it a deduction from this year's taxable income?

Associate (Neighbor)
Posts: 212
Registered: ‎07-22-2014

Re: State tax owed last year

Hello, vsiimb, and welcome to the community.

 

State taxes paid in this year for a previous tax year are deductible, provided you are using Schedule A (itemized deductions).  The taxes paid would be entered on line 5, along with this year's state tax withholdings. 

 

Hope that helps!

 

-kurt

Pioneer
Posts: 2
Registered: ‎04-16-2018

Re: State tax owed last year

Thanks for your help Kurt. Much appreciated!