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 Turbo Tax 2018

8404 2018-2025 Form

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Instructions and help about 2017 tax refund calculator

would you pay your state income taxes before April 15th right everybody wants to put the tax off as late as they possibly can and there's certainly some some Merit to doing that but when we're talking about state income taxes you don't get to claim a deduction until the expense is paid so when we're talking about 2023 taxes most people pay those taxes in April of 2024 when they file their return well that means you don't get a deduction until tax year 2024 that means it's going to be April of 2025 when you file that tax return so it's over a year away before you get the benefit of the deduction if you know you're going to owe state taxes let's say you know for a fact you owe three grand in state taxes well if you pay it now in December you get the deduction in 20123 for the payment that you made in 2023 that reduces your 2023 federal tax liability now the caveat is that with the tax cuts and jobs act that came into

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