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Other Taxes
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Several types of taxes might be deductible on other parts of your tax return:
- Any taxes paid as part of your business operations are deductible on Schedule C.
- Self-employment tax you paid on your own net earnings is deductible up to 50 percent of the amount paid, on Line
27 of Form 1040.
- Payroll taxes on nannies, babysitters, etc., may be deductible as part of the dependent care credit.
- If you received income in respect of a decedent, you can deduct the portion of the decedent' federal estate tax that applied to this income as a miscellaneous deduction (Line 28 of Schedule A) that is not subject to the 2 percent of AGI floor (Line 26 of Schedule A). The decedent's executor should tell you the relevant amounts, if they apply to you.
- Any deductible taxes not included on lines 5, 6, or 7 of Schedule A can be go on line 8 of Schedule A. This is also where you would include taxes paid to a foreign country or U.S. possession, unless you claim the foreign tax credit on line 51 of Form 1040.
You can't deduct penalties, fines, or license fees paid for personal purposes such as driver's licenses, dog tags, marriage licenses, etc.
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CompleteTax Advantages
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- FREE electronic filing with paid processing.
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- Learn how to file an Amended Return.
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