Question
If the IRS applied my last year’s refund to past tax debt, can I write off the debt offset on this year’s return?
Answer
No. Neither of these are eligible for deduction:
- Federal taxes owed in a prior year
- Any penalties applied
Related Resources
Medical Deduction Limits
Discover the medical deduction limits with advice from the tax experts at H&R Block.
Deducting Cost Of A New Roof
Learn more about deducting the cost of a new roof with advice from the tax experts at H&R Block.
Is Preschool Tuition Tax Deductible?
Is private preschool tuition tax deductible? Learn more from the tax experts at H&R Block.
What is the Presidential Election Campaign Fund?
Did you know you can donate $3 to the Presidential Election Campaign Fund on your 1040 form? H&R Block explains this type of public funding.
