I had a balance due for my federal and state 2016 taxes. I paid both balances in 2017. Can I claim these federal and state taxes on my 2017 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.
What happens to your taxes after marriage? Learn how marriage can lead to changes in tax filing and returns at H&R Block.
Learn more about the potential tax benefits of charitable holiday giving. Your holiday donations may boost your refund, depending on the organization.
Here are the top tax questions our professionals got this year – with answers for you! How can you use this? Read on to get answers from H&R Block.
Head of household is a filing status for single or unmarried taxpayers who have maintained a home for a qualifying person, such as a child or relative. This filing status provides a larger standard deduction and more generous tax rates for calculating federal income tax than the Single filing status.