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.
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Heard about a new rule that lets you apply 2019 income to your 2020 taxes? Find out what’s myth vs. reality for this recent change from H&R Block.
In this post, we’ll discuss Alabama property taxes (on real property) – including who owes, how they’re calculated, how to pay, and when they’re due.
Not sure if you qualify for nonresident alien tax status? Review criteria from the experts at H&R Block to determine your status.