Filed an amended return last year and paid back money to the state. how do i calculate last years state refund.

Anonymous — Sat, 01 Jun 2019 02:22:59 GMT

I filed an amended return in 2015 after I received my NY Refund. When i filed the amended return i wrote a check to NY State to return a portion of the refund i had already received. When calculating the total of my NY Refund for 2015, do I subtract the amount I paid back from the amount I originally received?

How this is handled will depend on whether or not you ite...

KatherineC — Sat, 01 Jun 2019 02:23:01 GMT

How this is handled will depend on whether or not you itemized your deductions in 2015 or if you took the standard deduction. If you took the standard deduction, you did not receive a benefit from the state income tax deduction and the refund is non-taxable.

However, if you had itemized deductions, Turbo Tax will calculate how much of the refund is taxable. You may need to enter some information about your 2015 taxes if you did not use Turbo Tax or you are not using the same user ID.

Now, as far as the amount you paid back is concerned, you do not net the amount you paid from the refund. Instead, follow the steps below:

1. Click on Federal Taxes

2. Click on Deductions and Credits

3. Scroll to Estimates and Other Taxes Paid (you may need to click on show all tax breaks)

4. Click the button beside “Other Income Taxes”

5. Scroll down to “Other Income Taxes Paid in 2016”

6. Click the button beside “Balance due on your 2015 state taxes paid in 2016”

7. Enter your state and the amount of tax you paid.

If you itemize you will receive a deduction for the amount you paid.

topic Filed an amended return last year and paid back money to the state. how do i calculate last years state refund. in After you file

Filed an amended return last year and paid back money to the state. how do i calculate last years state refund.

How this is handled will depend on whether or not you ite...