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I received a notification of repayment/refund data from my long-term disability insurance company. Does the taxable amount I returned in 2020 reduce my 2020 tax burden?
I returned an overpayment over $3000 to the insurance company in 2020, which was applicable to payments I received in 2019. I don't know if I included this overpayment in my 2019 tax return.
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‎February 22, 2021
11:03 AM