I have a general tax question, I paid about $7k in 2024 for my daughters birth. Unfortunately, I was overcharged, and a refund was issued in 2025 around $4k.
In general:
Since this was money paid, and money returned, do I have to claim this somehow on my taxes this year, and pay taxes for a returned payment?
Thanks for any help.
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No, there is nothing to enter on a tax return about the overcharged amount being refunded to you.
Did you claim it as a medical expense on an itemized tax return?
No, I didn't itemize since it wouldn't have made much if any difference with my financial standing this year. Just standard deductions. Didn't realize that may or may not have made a difference.
Thanks for any help.
No, there is nothing to enter on a tax return about the overcharged amount being refunded to you.
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