topic Why do I have to pay income taxes on my state refund from last year in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/why-do-i-have-to-pay-income-taxes-on-my-state-refund-from-last-year/01/606910#M246060 Thu, 06 Jun 2019 05:56:33 GMT 2greytdogs 2019-06-06T05:56:33Z Why do I have to pay income taxes on my state refund from last year https://ttlc.intuit.com/community/taxes/discussion/why-do-i-have-to-pay-income-taxes-on-my-state-refund-from-last-year/01/606910#M246060 Thu, 06 Jun 2019 05:56:33 GMT https://ttlc.intuit.com/community/taxes/discussion/why-do-i-have-to-pay-income-taxes-on-my-state-refund-from-last-year/01/606910#M246060 2greytdogs 2019-06-06T05:56:33Z If you took the state and local tax deduction last year a... https://ttlc.intuit.com/community/taxes/discussion/if-you-took-the-state-and-local-tax-deduction-last-year-a/01/606913#M246062 <P>If you took the state and local tax deduction last year and&nbsp;<A href="https://ttlc.intuit.com/questions/GEN85657?legacy=true" target="_blank">itemized</A>, the refund will be taxable this year if the deduction benefitted (reduced) last year's tax bill. This is true even if you opted to apply the refund to this year's state or local return.<BR /></P><P>But if you took the sales tax deduction or the standard deduction last year, it won't be taxable on this year's return. It also won't be taxable if last year's return was subject to the AMT (Alternative Minimum Tax) and the refund amount was less than the amount disallowed under AMT.</P><P>After you enter last year's state or local refund in TurboTax, we'll ask followup questions to determine if it's taxable.</P><P><STRONG>Tip:</STRONG>&nbsp;When you transfer last year's return over, we'll also bring over last year's state and local refunds if last year's tax file includes those returns.</P><DIV>Related Information:<UL> <LI><A href="https://ttlc.intuit.com/questions/GEN83825?legacy=true" target="_blank">Where do I enter a 1099-G for a state or local tax refund?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/GEN81025?legacy=true" target="_blank">Where do I find last year's state/local refund so I can report it on this year's taxes?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/GEN87668?legacy=true" target="_blank">How do I report last year's state/local refund without a 1099-G?</A></LI> </UL> </DIV> Thu, 06 Jun 2019 05:56:34 GMT https://ttlc.intuit.com/community/taxes/discussion/if-you-took-the-state-and-local-tax-deduction-last-year-a/01/606913#M246062 MichaelMc 2019-06-06T05:56:34Z
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topic Why do I have to pay income taxes on my state refund from last year in Get your taxes done using TurboTax
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Why do I have to pay income taxes on my state refund from last year
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https://ttlc.intuit.com/community/taxes/discussion/why-do-i-have-to-pay-income-taxes-on-my-state-refund-from-last-year/01/606910#M246060
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If you took the state and local tax deduction last year a...
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<P>If you took the state and local tax deduction last year and&nbsp;<A href="https://ttlc.intuit.com/questions/GEN85657?legacy=true" target="_blank">itemized</A>, the refund will be taxable this year if the deduction benefitted (reduced) last year's tax bill. This is true even if you opted to apply the refund to this year's state or local return.<BR /></P><P>But if you took the sales tax deduction or the standard deduction last year, it won't be taxable on this year's return. It also won't be taxable if last year's return was subject to the AMT (Alternative Minimum Tax) and the refund amount was less than the amount disallowed under AMT.</P><P>After you enter last year's state or local refund in TurboTax, we'll ask followup questions to determine if it's taxable.</P><P><STRONG>Tip:</STRONG>&nbsp;When you transfer last year's return over, we'll also bring over last year's state and local refunds if last year's tax file includes those returns.</P><DIV>Related Information:<UL> <LI><A href="https://ttlc.intuit.com/questions/GEN83825?legacy=true" target="_blank">Where do I enter a 1099-G for a state or local tax refund?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/GEN81025?legacy=true" target="_blank">Where do I find last year's state/local refund so I can report it on this year's taxes?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/GEN87668?legacy=true" target="_blank">How do I report last year's state/local refund without a 1099-G?</A></LI> </UL> </DIV>
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