"Katie" <katiej_1958[at]yahoo.com> wrote:
- quote -

I don'[t know what is said right off. I took the figure from
the 2005 taxes on the form I sent in April 2006. The
year-behind is what confuses me sometimes.

Thanks to you, and everyone else who responded. I appreciate
the help.

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- quote -

I assume you mean "State Taxes sent with *2005* return,"
which you filed in 2006. Any state taxes that you send now
with your 2006 state return will be deductible on your
federal return for 2007, which you will file a year from
now.

Bob Sandler

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- quote -

You can deduct both state income tax that was withheld and
state income tax that you sent with your 2006 return. TaxCut
doesn't have to ask you about the tax that was withheld
because it is on your W-2. TaxCut will automatically include
it in the deduction. So you understood the question
correctly. It wants you to enter only the amount you sent
with the return. But that is not your entire deduction.

Bob Sandler

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Kurt Ullman <kurtull...[at]yahoo.com> wrote:

- quote -

No, you can deduct all state/local income taxes paid in
2006. If you entered your W-2's and other income/withholding
information, then tax cut knows how much tax you paid the
state in 2006 except the amount you included, if any, with
your return filed in 2006.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Kurt Ullman <kurtullman[at]yahoo.com> wrote:

- quote -

You can deduct all the state taxes you paid, whether through
withholding or payments. Taxcut presumably already has the
information about your withholding, since you entered it
from your W-2. So it only needs to ask you specifically
about additional taxes you paid with your tax return or
estimated payments.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA
*** PLEASE don't copy me on replies, I'll read them in the group ***

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Kurt Ullman <kurtull...[at]yahoo.com> wrote:

- quote -

Are you sure Tax Cut said 2006 return? It should be 2005.
On your 2006 return you can deduct any state income tax
payment you made in 2006, including any amount that was paid
with your 2005 state income tax return (filed in 2006).

Your 2006 return will be filed in 2007, so any amount paid
with that return is deductible in 2007, not 2006.

Katie in San Diego

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- quote -

If you itemize, you can deduct ALL state income taxes paid
during 2006. That includes both your withholding for 2006
and what you had to pay above and beyond your 2005 state tax
withholding (that is, 2005 state tax balance due paid during
2006). OTOH if you got a state refund in 2006 and itemized
in 2005, that refund becomes taxable income in 2006 (you
deducted it as withholding during 2005, but then got it back
in 2006 and must un-deduct it). If you owe the state for
2006, you will get to deduct it in 2007.

--
John D. Goulden

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On Mar 23, 4:31 am, Kurt Ullman <kurtull...[at]yahoo.com> wrote:

- quote -

It's asking you if you made a payment when you filed your
2005 tax return (in 2006) and if so, it will add that
payment to your withholding for 2006 to get the total amount
of state income tax paid in 2006.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Kurt Ullman <kurtullman[at]yahoo.com> writes:

- quote -

When a tax program asks that, they mean the balance due (if
any) you paid with your state return when you filed it.
This is because the vast majority of taxpayers operate on a
calendar year schedule, which means that on your 2006 return
you can deduct state taxes paid in calendar year 2006.

Those taxes will be the taxes withheld from your *2006*
paychecks, any state estimates paid in *2006* towards your
*2006* return, but also the balance due on your *2005*
return that was paid in *2006*.

Likewise, the balance due on your *2006* state return will
be deductible on your federal *2007* return (because you
paid that balance due in 2007).

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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"Kurt Ullman" <kurtullman[at]yahoo.com> wrote:

- quote -

Are you sure it's asking you about the 2006 state return?
It should be asking about your 2005 state return.

- quote -

No. For your 2006 Federal Schedule A your state income tax
deduction is the total of state income tax withheld during
2006 plus anything else you paid during 2006. The reason
TaxCut isn't asking you about the withholding is that it
will pick that up off your W-2.

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

this is probably a REALLY dumb question, but TaxCut asks me
if I want to deduct "State Taxes sent with 2006 return".
Sounds like they might only want taxes paid in addition to
withholding (thus sent with return). So, did TaxCut confuse
me with their wording or can I only deduct taxes I sent that
were above what was withheld?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >