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Deductions & credits
It just wants to know about federal. Say you took the Standard Deduction.
A State Tax Refund is taxable if you itemized deductions on that prior year's federal return and took a deduction for state income taxes instead of the sale tax. You got a deduction benefit for it so now you have to include it as income. If you took the standard deduction it is not taxable and you don't need to report it.
ā€ˇFebruary 6, 2021
12:54 PM