When paid during the tax year, which of the following taxes may be deductible on Schedule A (Form 1040), Itemi

Question

When paid during the tax year, which of the following taxes may be deductible on Schedule A (Form 1040), Itemized Deductions?
 Federal income tax paid for a prior-year balance due.
 Real estate tax levied on real property.
 Social security and medicare tax.
 State and local gasoline tax.

GPT-5 mini · Answer

Real estate tax levied on real property.

Explanation: Federal income tax and Social Security/Medicare (FICA) are not deductible on Schedule A. State/local gasoline excise taxes generally are not deductible (only state/local general sales taxes may be deductible if you elect that in lieu of state income tax).

When paid during the tax year, which of the following taxes may be deductible on Schedule A (Form 1040), Itemized Deductions?
Federal income tax paid for a prior-year balance due.
Real estate tax levied on real property.
Social security and medicare tax.
State and local gasoline tax.

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When paid during the tax year, which of the following taxes may be deductible on Schedule A (Form 1040), Itemized Deductions? Federal income tax paid for a prior-year balance due. Real estate tax levied on real property. Social security and medicare tax. State and local gasoline tax.

All Answers 1

Submit Your Answer

When paid during the tax year, which of the following taxes may be deductible on Schedule A (Form 1040), Itemized Deductions?
Federal income tax paid for a prior-year balance due.
Real estate tax levied on real property.
Social security and medicare tax.
State and local gasoline tax.