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Taxpayers who received stimulus checks in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii ...
For example, if you deducted $1,500 in state taxes last year, but your state refund this year was $2,000, you only need to report a tax refund of $500 on your federal income tax return. How To ...
Massachusetts Tax Refunds: Massachusetts began paying out state tax refunds in November 2022, and those payments are essentially over. However, late filers have until Sept. 15, 2023 to get their ...
Loaded 0%. Most taxpayers in the 21 states that sent out stimulus checks or tax rebates in 2022 don’t need to pay taxes on those payments on this year’s federal tax return, the Internal ...
That state tax refund you just got is a nice little chunk of change; but, before you spend it, ask yourself this: Will I need to pay taxes on it when I file taxes next year?. Depending on the ...
For example, the Middle Class Tax Refund checks issued by California in 2022 are not treated as taxable income by the state, while the federal government’s Economic Impact Payments — or ...
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