So this means the Inflation Rebate checks are basically mean a 2025 state tax reduction? (even though based on 2023 income) If itemizing deductions with state income taxes in 2025, you basically deduct the full amount paid as usual, but then also report this payment as a taxable state tax refund? Or, just reduce your state income tax deduction by the Inflation Rebate check amount? What happens if you're over the SALT limit when itemizing?
