You'll need to sign in or create an account to connect with an expert.
If you took the state and local tax deduction last year and itemized, 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.
If you took the state and local tax deduction last year and itemized, 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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
icemaan3
New Member
cramanitax
Level 3
Rprincessy
New Member
cj5
Level 2
wilsonbrokl
New Member