The OR kicker is considered a state refund and might be taxable. See State and Local Refund Worksheet to verify the taxable portion
Do I need to report the state or local refund I got last year? Is it taxable? states: If all three of the following are true, your refund counts as taxable income:
- You itemized deductions last year, instead of taking the standard deduction.
- You claimed state and local income taxes (not general sales taxes).
- Claiming the deduction helped you increase your federal refund or lower your tax bill.
Many people pay more state and local taxes than the $10,000 cap. Only taxes that were deducted on itemized deductions are taxable. If you paid in say $15,000 of state and local tax with a refund of $4,000, it was not used on your itemized deductions and isn't taxable.
Take a look at your Federal smart worksheet to verify the answers.
To print or view your forms:
- In desktop, switch to Forms Mode.
- For online:
- On the left side, select Tax Tools
- Select Print center
- Select Print, save or preview this year's return
- If you have not paid, select pay now.
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