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I have state income tax liability of $10000 for year 2009---I

Customer Question
am paying it all prior to...
I have state income tax liability of $10000 for year 2009---I am paying it all prior
to April 15,2010. Is the $10,000 a deduction for(on an itemized return) for tax year
2010? Thank you
Submitted: 7 years ago.Category: Tax
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4/1/2010
Tax Professional: JKCPA, CPA replied 7 years ago
JKCPA
JKCPA, CPA
Category: Tax
Satisfied Customers: 5,884
Experience: CPA with tax experience.
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Hello,

 

Thanks for your question.

 

If you pay $10,000 in April 2010 for state income taxes, it would be deductible on your 2010 federal income tax return as an itemized deduction (if you are on the cash basis method - most taxpayers are). So you would have to wait to claim it next year when you file your 2010 tax return.

 

Any state income tax paid in 2009 (such as 2008 state tax paid in 2009, 2009 estimated state income taxes, etc) can be claimed on your 2009 federal income tax return.

 

Hope this helps,

Best regards,

 

JKCPA
JKCPA, CPA
Category: Tax
Satisfied Customers: 5,884
Experience: CPA with tax experience.
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Customer reply replied 7 years ago

Thank you--I understand,however, I needed to know if it would also be deductible

for CA state taxes when I file next years return.

Tax Professional: JKCPA, CPA replied 7 years ago

No, CA state income taxes are not deductible on a CA state income tax return. You would have to add back the state tax itemized deduction on Schedule CA 540, line 39.

 

Let me know if you have any questions.

 

 



Edited by JK_CPA on 4/1/2010 at 9:56 PM EST
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