I had a balance due for my federal and state 2019 taxes. I paid both balances in 2020. Can I claim these federal and state taxes on my 2020 return?
Unfortunately, you cannot deduct the federal taxes you paid. However, you can deduct state taxes as an itemized deduction on Schedule A. If you choose to itemize your deduction to claim state taxes you will not be able to take the standard deduction. You should calculate both the standard deduction method and the itemized method to determine which is most beneficial to you.
Related Resources
Does your child receive Social Security benefits? Learn how these benefits may affect their taxes. Get tax answers from H&R Block.
Since the Division of Marriage Act (DOMA) passed, there are some tax updates for same-sex couples. Learn more with the experts at H&R Block.
Learn whether rent is tax deductible with advice from the tax experts at H&R Block.
Do you wish you had a tax pro to double check your online tax return? Tax Pro Review is here to do just that. Visit the H&R Block blog for more details.