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Av74O0OhzB
Returning Member

Erroneous store refunds

Hello. My question is whether an erroneous store refund is taxable income. In two unrelated instances, I returned merchandise that I had purchased (for personal use, not for a business), and I received a refund for more than I had paid. The first time, I bought something on sale and when I returned it, the store mistakenly refunded me the full price. The second time, my refund was processed twice, so I received double what I should have. Is the extra money I received due to the stores' errors taxable income?

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Erroneous store refunds

Is this a homework question?

**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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