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doughtys
New Member

Are tax refunds received from previous years considered income?

IRS Tax refunds
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2 Replies

Are tax refunds received from previous years considered income?

No.  Federal tax refunds are not entered on a federal tax return.  

chris_in_texas
Returning Member

Are tax refunds received from previous years considered income?

No. They are a return of overpaid taxes. State income tax refunds may be taxable income, however.

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