Forgotten Deduction

17 Nov Forgotten Deduction

State Tax Deduction.

This deduction includes all of the state taxes you paid this year – what you paid during the year plus any amounts you owed for the prior year. For example: Did you owe taxes when you filed your 2013 state tax return in 2014? Then remember to include that amount with your state tax itemized deduction on your 2014 return, along with state income taxes withheld from your paychecks or paid via quarterly estimated payments