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I owe taxes for 2009. Will I be able to claim the amounts I paid to the government in my next year's taxes?

I used my 401(k) and I am not yet 59 1/2 years old but I lost my job as of 2009 and I am unemployed.

Update:

I live in New York, and I receive a pension of under $500 a month as the only income I have.

Update 2:

I paid taxes in 2009 but I failed to declare the unemployment insurance that I received when I made out my taxes for 2009 and in the year 2011, received a notice that I owe taxes for 2009. I have paid over 2 thousand dollars for the NY State taxes and I will be making a payment in 2011 also for the Federal Government, also for over $2 thousand dollars. I have taken the money out of my 401(k) and I am under the age of 59 1/2 years. Can I declare the payments I have made in 2011 when I file taxes for 2011 next year which will be 2012?

9 Answers

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  • 1 decade ago
    Favorite Answer

    First, you cannot deduct Federal Tax paid on any tax return.

    Second, you can use state & local taxes as a deduction ONLY IF you itemize your deductions (file a Schedule A).

    Third, the 10% tax on early withdrawal is a Penalty Tax and Penalties are NEVER deductible, regardless of whether it is Federal or State.

  • Anonymous
    1 decade ago

    Your post title is confusing. If you filed your tax return for 2009 and owe money, did you pay them? If yes, end of story. There's no place to deduct taxes paid to the IRS.

    If you filed your NY taxes and owed money to them, the taxes paid in 2010 can theoretically be deducted as an itemized deduction on your 2010 federal return, but the amount would have to exceed $5700 so you can itemize. If your only taxable income for 2010 is $6000 a year, you don't need it anyway as the filing requirement is $9350.

    Let's go back to the year you took money out of the 401K. What year was it? How old were you when you took the money out? If you were 55 or older, the 10% penalty would not apply. To show that the 10% penalty exception was met, you may have had to attach a form 5329 to your tax return, claiming exception #01. When you took the money out of the 401K was anything withheld?

  • ?
    Lv 7
    1 decade ago

    Not exactly sure what your question really is about. BUT will try and make a GUESS for this matter with two answers one for the previous year 2009 and one for the current tax year 2011.

    And hope that one of the answers is what you really need for your situation now you should choose and use the one that would apply in your situation.

    But if it is about an early distribution amount from your 401K retirement plan that you received in the tax year 2009 and you received a the copy of the 1099-R and you failed to report the taxable distribution on your income tax return for the tax year that you received the taxable distribution amount in.

    And now in a later tax year you have to pay the taxes that you owe to the IRS plus the penalties and the interest that has accumulated NO you would NOT be able to claim the payment of the past due taxes on your currents tax year income tax return when you correctly complete it the year 2012.

    Now IF you just received the 401K distribution amount in the current tax year 2011 after the end of this tax year after January 2012 you should receive a 1099-R reporting the taxable distribution amount that you received from your 401K plan account and any amount of income tax that was withheld from this distribution will be included in the Box 4 $$$ amount Federal income tax withheld and you will use the information that is included in each box of this 1099-R that you should have received and that the IRS also received a copy of on the 1040 income tax return page 1 line 16a Pensions and annuities 16a $$$$ gross amount b Taxable amount 16b $$$$ amount and that $$$$ amount will be added to all of your other worldwide income from all sources and will end up as a part of your TAXABLE amount and be subject to the income taxes at your marginal tax rate when your income tax return is correctly completed in the tax year 2012.

    And if this was in the tax year 2011 you will enter the FIT withheld $$$ amount from the 1099-R box for as a credit for an advance payment of your estimated taxes on the premature distribution amount on the 1040 page 2 Line 61 $$$ amount of FIT from Forms W-2 and 1099.

    And the 10% early withdrawal $$$ amount will be entered on page 2 line 58 Additional tax on IRAs other qualified retirement plans etc Attach 5329 IF required 58 $$$ amount and this amount will be added to any other federal income liability that you might have at the point or line s of your 1040 income tax return. And will end up on line 60 for your Total Tax liability before your tax credits that will be in the next section of the 1040 page 2 Payments $$$ amounts.

    Hope that you find the above enclosed information useful 05/25/2011

  • tro
    Lv 7
    1 decade ago

    taxes are not a deduction in future tax returns

    if you had a state refund which you had claimed on sch A the previous year, the refund would need to be claimed on your tax return as income

    you can claim state income tax on Sch A of your tax return but never federal income tax you pay

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  • ?
    Lv 4
    5 years ago

    If it relatively is unpaid STATE earnings taxes you could take a deduction on your 2010 Federal return in case you pay them in 2010. If it relatively is unpaid Federal earnings tax there is not any Federal deduction in case you pay on time so of path you does not get a smash for paying them previous due.

  • Judy
    Lv 7
    1 decade ago

    Federal tax isn't deductible. If you paid state tax, you can deduct that IF you itemize for the year when you paid it.

  • MadMan
    Lv 7
    1 decade ago

    No. You could only claim any taxes that you paid to the state.

  • 1 decade ago

    If you are due a refund, they will take what you owe before you receive any refund.

  • 1 decade ago

    No!

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