Am I better off taking the standard deduction then Itemizing? Itemizing gives me only $75 more then standard deduction. Reading new IRS rules for next year's tax, it seems that my refund would not be included in income if I took the standard deduction. Any advice?
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If you take the Standard Deduction instead of Itemizing your deductions, you state tax refund will not be taxable when you file your 2020 tax return.
Is My State Tax Refund Taxable and Why?
Please see this TurboTax Blog.
If you take the Standard Deduction instead of Itemizing your deductions, you state tax refund will not be taxable when you file your 2020 tax return.
Is My State Tax Refund Taxable and Why?
Hi I did my taxes on line on 4/15/20 and when will I get my refund.
Since the stimulus processing will take precedence, the IRS's processing time will be slower than the original time frame ( 21 days) Per the update, the IRS has stopped processing paper returns.
To check your status on the IRS website, click here: "Where is my refund"
@NakotaWiya
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