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New Member
posted May 31, 2019 8:17:24 PM

I had a tax deduction last year for student loan interest payments, so am I supposed to consider my tax return from 2016 as part of my income?

When I was filing my taxes in 2016, I believe I received a deduction due to student loan payments in 2015. I saw a question on TurboTax that asked about including last year's return on my income. Do I include it on my income because there was a deduction? Thanks.

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1 Best answer
Expert Alumni
May 31, 2019 8:17:28 PM

A refund of federal tax paid is not income and should not be claimed as such on your tax return.  A refund of state income tax may be considered taxable income but only if you itemized your deductions.  If you claimed the standard deduction a state income tax refund is NOT taxable.

1 Replies
Expert Alumni
May 31, 2019 8:17:28 PM

A refund of federal tax paid is not income and should not be claimed as such on your tax return.  A refund of state income tax may be considered taxable income but only if you itemized your deductions.  If you claimed the standard deduction a state income tax refund is NOT taxable.