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ormower
New Member

state tax refund on federal return

The Turbo Tax help states that you do not need to report the refund as income if did not itemize on Schedule A.  The question is WHICH schedule A are they referring to:  The Schedule A on my Federal return or the Schedule A on the State return?  I do not have a Schedule A on my federal but do have a Schedule A on my State.

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state tax refund on federal return

Schedule A on your 2023 federal return.

 

IS MY 2023 STATE OR LOCAL REFUND TAXABLE?

 

If you used standard deduction for your 2023 tax return, you do not have to enter a state or local tax refund you received in 2024.   If you itemized deductions then your state or local refund that you claimed on the 2023 return----and received in 2024---must be entered as taxable income on your 2024 return.  If you  are not sure if you itemized for 2023, look at your 2023 Form 1040 line 12.   Do you see the standard deduction amount or something else?

 

2023 STANDARD DEDUCTION AMOUNTS

 

SINGLE $13,850  (65 or older/legally blind + $1850)

 

MARRIED FILING SEPARATELY $13,850  (65 or older/legally blind + $1500)

 

MARRIED FILING JOINTLY $27,700  (65+/legally blind) )  + $1500 per spouse

 

HEAD OF HOUSEHOLD  $20,800 (65 or older/blind)  + $1850)

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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