Federal taxes paid or payable, (even if paid in the current year), aren't deductible in calculating your federal taxable income. State income tax payments may be deductible in determining your federal tax taxable income. And refunds received of a prior years State income tax may therefore be included in the current years federal taxable income.
Yes, unless it's been past three years. They have five years to eat you alive though. For the previous year -as below...from the previous year (as in made then) - even if applicable, no, only in the year they are paid. File an amended. State Tax payments are deductible from Federal, when paid. Federal Tax Payments aren't deductible from State, or from Federal for that matter, regardless of when they are paid.
State income tax payments are deductible on your federal income tax return. (You may deduct state income tax or sales tax, but not both.) Federal income tax payments are deductible on your state tax return in a tiny number of states.
NO The personal interest is never deductible on your 1040 federal income tax return
Yes, (and individuals). For Corps it is the amount paid (not accrued).
State income taxes are deductible from Federal taxable income in the year they are paid, regardless of when they were due.
State income taxes are deductible on the Federal Form 1120. Other deductions include repairs, interest, and depreciation for homeowners filing Form 1120.
Yes. State income (and net worth based) taxes are deductible from taxable income for Federal income tax purposes.
No. Not any year. And Federal Tax, even income tax, is not deductible on a return.
No, the mileage to and from a bank to get CD\'s are not deductible from federal income taxes.
Not deductible on your federal income tax return.