should monies returned last year secondary to over-payment of estimated taxes be considered a refund on this years taxes?

isn't this just a return of my own money?

posted

A federal refund will never be taxable or reported anywhere on your tax return.

A state refund could be considered taxable income on your federal return, but only if you itemized your deductions that year.

Please see this TurboTax blog for more information: Is My State Tax Refund Taxable and Why?

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Do you have an Intuit account?