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Retirement tax questions
And the tax benefit rule is applied the same way for other kinds of refunds. For example, if your mortgage lender refunds some interest due to a miscalculation, it could be taxable if you took the itemized mortgage interest deduction in the past (the refund is a reimbursement of a prior deduction), but would not be deductible if you took the standard deduction.
March 18, 2025
2:09 PM