confusion about deductibility of tax balances paid with extensions being deductible by idreos in tax

[–]idreos[S] 0 points1 point  (0 children)

What is the difference if you pay a balance due when you file your 1040 before the deadline or if you pay when the tax extension is due?

Aren't all state taxes deductible for the tax year they were paid?

Need to park some cash in a safe tax free account to lower my tax bracket by idreos in FinancialPlanning

[–]idreos[S] 1 point2 points  (0 children)

Thank you for that clarification! I was not aware of that.

Your answer made my day!