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Discussion Starter #1 (Edited)
Tax question on Fed tax paid deduction?

Anyone got an anwer for the following:

If I owed Fed taxes for 2002 (not enough withholdings from paycheck in 2002) and paid them in 2003, do I get to write off for this year (2003) that payment against my income for this year's return?

Thanks for any thoughts on this quesiton ....
 

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No. Federal income & excise taxes, federal estate & gift taxes are not deductible. State and city withholding taxes are deductible along with personal property taxes, property taxes, etc.
 
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