What Is Refunds Received For State/Local Tax Returns

What Is Refunds Received For State/Local Tax Returns - The following situations illustrate typical events that render a refund, credit, or offset “taxable”: (1) a taxpayer receives a refund check from a state. If you claimed the standard deduction last year on your federal tax return, any state or local refund you received is not taxable and you don’t have. If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include.

The following situations illustrate typical events that render a refund, credit, or offset “taxable”: If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include. (1) a taxpayer receives a refund check from a state. If you claimed the standard deduction last year on your federal tax return, any state or local refund you received is not taxable and you don’t have.

The following situations illustrate typical events that render a refund, credit, or offset “taxable”: If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include. (1) a taxpayer receives a refund check from a state. If you claimed the standard deduction last year on your federal tax return, any state or local refund you received is not taxable and you don’t have.

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Hello! I don't understand why is " Refunds received for state/local tax

If You Claimed The Standard Deduction Last Year On Your Federal Tax Return, Any State Or Local Refund You Received Is Not Taxable And You Don’t Have.

If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include. (1) a taxpayer receives a refund check from a state. The following situations illustrate typical events that render a refund, credit, or offset “taxable”:

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