ErnieS0
Expert Alumni

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Your Massachusetts 62F tax refund may or may not be taxable and reportable to the IRS depending on your 2021 tax situation.

 

Generally, it will be included in income if you itemized deductions in 2021 just like any other state refund.

 

IRS says

 

If the payment is a refund of state taxes paid and either the recipient claimed the standard deduction or itemized their deductions but did not receive a tax benefit (for example, because the $10,000 tax deduction limit applied) the payment is not included in income for federal tax purposes.

 

Payments from the following states in 2022 fall in this category and will be excluded from income for federal tax purposes unless the recipient received a tax benefit in the year the taxes were deducted.

 

  • Georgia
  • Massachusetts
  • South Carolina
  • Virginia

IRS issues guidance on state tax payments to help taxpayers

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