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Business & farm
@VolvoGirl wrote:
@PattiF Sounds like the 1099Misc for the CA Middle Class Tax Refund. I'm not sure how to enter it now. I Think Turbo Tax updated the program yesterday Jan 26. Also I'm seeing posts that say it is NOT taxable for federal now. Is that right?
If it is a state tax refund or rebate, that is treated like any other state tax refund. It is not taxable if the taxpayer previously used the federal standard deduction, but it may be taxable if the taxpayer previously used itemized deductions to deduct their state income tax. Virginia did the same thing, although it was only $250 per person.
‎January 27, 2023
9:10 AM