topic Re: Store Refunds in Get your taxes done using TurboTax

Store Refunds

AndrewA87 — Fri, 25 Apr 2025 11:34:22 GMT

I was wondering if a store refunds your money is that considered taxable income?

Also, if you paid a medical bill and later get a refund from the medical provider because your health insurance covered the procedure is that considered taxble income?

Re: Store Refunds

PatriciaV — Fri, 25 Apr 2025 13:05:38 GMT

No, refunds for personal purchases and services are not taxable income because the purchases aren't reported on your tax return. However, if the purchases are reported as business expenses, then you would include the refunds (or simply not report the purchases).

Re: Store Refunds

xmasbaby0 — Fri, 25 Apr 2025 13:34:12 GMT

And as for the medical expense question-----if you itemized medical expenses on a tax return and included that expense, but were later reimbursed for the expense by insurance, then the amount reimbursed would be taxable. But you are only supposed to enter medical expenses that you already paid out of pocket. You should never enter medical expenses that are outstanding.

Re: Store Refunds

AndrewA87 — Fri, 25 Apr 2025 14:05:08 GMT

So if I only claim the standard deduction, a medical bill refund would NOT be considered taxable income.

Re: Store Refunds

xmasbaby0 — Fri, 25 Apr 2025 14:18:49 GMT

No, if you used standard deduction then you did not get any extra deduction for the medical expense. The reimbursement is not taxable income in that case.