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No, your federal refund is not taxable income to you. It is just a return of "after tax" money.
A state refund MAY be taxable, but only if you had previously deducted that amount on schedule A (itemized deductions) of your federal return.
No, your federal refund is not taxable income to you. It is just a return of "after tax" money.
A state refund MAY be taxable, but only if you had previously deducted that amount on schedule A (itemized deductions) of your federal return.
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