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Deductions & credits
it may be that the $1000 is not taxable next year.
let's say your State and local taxes were $13,000. But of course, SALT is limited to $10,000 in deductions. So if you receive $1000 refund in state taxes, it's not income in 2020 because it was part of the $3,000 that you could't deduct in 2019!
March 28, 2020
2:25 PM