Hi,
I received a check from my state (Massachusetts/MA) in Nov. 2022. It is for Chapter 62F requiring the excess revenue be returned to taxpayers in proportion to the Personal Income Tax liability they incurred in Tax Year 2021. Do I have to report this somewhere on the 2022 Tax Return. It is super confusing as the 1099-G mentions "THIS IS NOT A BILL OR NOTICE OF REFUND. THE AMOUNT IN BOX 2 MAY BE TAXABLE INCOME ON YOUR FEDERAL TAX RETURN". I had itemized deductions on Schedule A (2021 tax return) and had entered the State and local taxes on line 5 of Schedule A and it was capped at the max.
Could I get some guidance on this?
Thank you.
