We received a $400 "Inflation Refund"...is this taxable on either the federal or state returns? If yes, how does it get input into Turbo Tax?
01670
1 Replies
DoninGA
Level 15
Jan 28, 2026 8:39:02 AM
New York's inflation refund checks (up to $400) are generally not taxable federally or by New York State because they are considered a government assistance payment for specific relief, not a refund of prior-year taxes