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figf
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LeticiaF1
Employee Tax Expert

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You will only need to enter your New York State Inflation refund check as income if you itemized your deductions in 2023.  To enter it in TurboTax:

 

  1. First review your 2023 tax return to see if you itemized your federal and state taxes?
    • If you did not then the check is not taxable and you do not need to enter it
    • If you did then it might taxable
      • It would be taxable if you fully deducted your New York state and local tax paid in 2023.
      • If you did not deduct the whole amount, then the inflation check is not taxable.  
  2. If your inflation check is taxable,  enter the $300 under Other Common Income and select refund from state/local government.

The program may ask you about your 2023 return to verify taxability.

 

 

 


 

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