timing of state estimated payment


P

Pico Rico

is a state 2014 estimated payment paid 1/15/15 deductible on the Federal
return in 2014 or 2015?
 
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M

Mark Bole

Thanks, that is what I have always thought.
Although, as I recall has been discussed in this forum before, if some
of the 2014 state tax payment is both made and refunded in 2015, it can
end up not being deductible (software typically has a worksheet for this).
 
A

Alan

2015, the year you actually will pay it.
I received an email from someone asking about posting the estimated
payment on 12/31/14.

If you mail a check drawn on an account that has sufficient funds and it
is postmarked 12/31/14, it is a 2014 payment.
 
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W

W. Baker

: is a state 2014 estimated payment paid 1/15/15 deductible on the Federal
: return in 2014 or 2015?

2015. If you want the deduction for this year get the check in before
the end of the year.

Wendy Baker
 

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