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Get your taxes done using TurboTax
Yes, on 2/10/2023, the IRS determined the CA Middle Class Tax refund is not taxable. However, some tax experts (CPAs) on cnbc.com and other news media outlets stated that if you received a 1099-MISC from CA-FTB for your MCTR, it may still be best to report it when you file taxes, in order to avoid a mis-match situation at the IRS, since CA-FTB will have reported it to the IRS already.
March 9, 2023
7:36 PM