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No - even taxes actually paid aren't deductible from determining taxable income - from which your tax is due. (That would be completely circular). If estimates were deductible..I'd make an estimate of enough to lower my taxable income to 0 - or low enough to not pay tax at least....and get a refund of all my overpaid estimate.
What else can I help you with?
Are income tax payments deductible?
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.
Are federal tax payments deductible expenses for a corporation?
No
Is credit card interest payments tax deductible?
NO The personal interest is never deductible on your 1040 federal income tax return
Are bankruptcy payments tax deductible?
Absolutely not. Bankruptcy payments are repayments for debts that you incurred in the past and did not pay. There is no circumstances where these could be deductible on your income taxes.
Are house rental payments tax deductible?
No, sorry. That's why owning a house is better for tax purposes but even then the principal payments are not deductible, only the interest on each one added over the whole year.
Are tax payments deductible?
Estimated Income tax payments are not deductible in figuring out what your taxable income is, that determines how much your actual income tax is. See, that's circular.
Are income tax payments deductible?
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.
Is spousal support tax deductible?
Spousal support payments would not be deductible on your income tax return. Only Alimony payments would be deductible on your 1040 income tax return.
Are Cobra payments tax deductible for self-employed individuals?
Yes, Cobra payments are generally tax deductible for self-employed individuals as a medical expense.
Are federal tax payments deductible expenses for a corporation?
No
Is credit card interest payments tax deductible?
NO The personal interest is never deductible on your 1040 federal income tax return
Where do you mail estimated tax payments?
You can mail estimated tax payments to the address provided on the IRS website or the payment voucher that comes with the tax form.
Are bankruptcy payments tax deductible?
Absolutely not. Bankruptcy payments are repayments for debts that you incurred in the past and did not pay. There is no circumstances where these could be deductible on your income taxes.
Do estimated tax payments have to be equal?
No, estimated tax payments do not have to be equal, but they should be based on your expected income for the year to avoid penalties.
What is the deadline for making Michigan State estimated tax payments?
The deadline for making Michigan State estimated tax payments is April 15th.
What is the deadline for making Michigan estimated tax payments?
The deadline for making Michigan estimated tax payments is April 15th of each year.
What is the deadline for making State of Michigan estimated tax payments?
The deadline for making State of Michigan estimated tax payments is April 15th.
