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Can federal taxes paid in 2007 for tax year 2006 be deducted for 2007 taxes? |
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[Edit] 
No.
Federal taxes are never deductible from Federal taxes! (Even if you paid them the year they were due. Certainly paying them in a later year won't produce a benefit).
First answer by IamLostRU. Last edit by IamLostRU. Contributor trust: 874 [recommend contributor]. Question popularity: 9 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Taxes and Tax Preparation > Can federal taxes paid in 2007 for tax year 2006 be deducted for 2007 taxes?
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Federal Spending a year in 2007? Can you deduct the additional federal taxes paid last year? If I paid federal taxes last year can I deduct this amount from this year's taxes?
