We received an unusually large federal refund this year. Haven't received a refund in years. Will it affect my income reported next year and if so, will I have to make estimated payments this year for next year's tax return to avoid a penalty?
posted
June 8, 20229:09 AM
last updated
March 09, 202610:17 PM
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Federal tax return refunds do not affect your future federal income tax liability and are not reported on your federal income tax return in the following tax year.