Are personal income taxes paid on a state return deductible on the federal return?
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- Yes they are deductible on your federal tax return.
- Yes. and State refunds from the prior year are taxable. Good Luck & Blessings
- State income taxes paid are part of Schedule A, which includes several categories. If the total of Schedule A is more than the standard deduction for your filing status, which is Single $5,150 Head of Household: $7,550 Married Filing Jointly: $10,300 then you can take advantage of the greater total and deduct that instead of the standard deduction. Here is Schedule A and the categories of deductions you can take: http://www.irs.gov/pub/irs-pdf/f1040sab.pdf
- yes, but its only beneficial if you itemize your deductions on Schedule A. otherwise you take the standard deduction amount.
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