FRANCHISE TAX BD CASTTAXRFD 022117 XXXXX5 +$16.00 02/24/17 Is this something from my tax return?

[steph949sm]

I got it in my bank account but I'm not sure if it's my tax return. If it is. I was supposed to get 4,700 something.

[AnthonyC · Accepted solution]

That would be your California refund only.  The deposit stands for Franchise Tax Board California State Tax Refund.  This would NOT include your Federal refund, which will come separately.  

[buddahsmommy]

Are u saying they have u that amount ? We're uexpecting that amount?

[Tina37]

I got a deposit of 5 dollars. Is this what im getting for my California state tax refund??

[AshleyLO]

@Tina37 The best way to find out how much you can expect to receive from your state refund is by looking at a copy of your filed return: How do I get a copy of a return I filed this year in TurboTax Online?

[Buddy88]

Would this tax return deposit be categorized as "Personal Income" ? Or excluded?

[VolvoGirl]

That depends.  Did you take the Standard Deduction on your 2019 Federal return?

A State Tax Refund is taxable if you itemized deductions on that prior year's federal return and took a deduction for state income taxes instead of the sale tax.  You got a deduction benefit for it so now you have to include it as income. If you took the standard deduction it is not taxable and you don't need to report it.

You need to check your 2019 1040 line 9 to see which deduction you took.  How much is on line 9?

[ErrVerdugo]

California(CA) STATE(ST) TAX(TAX) REFUND(RFD).

[Snapple1215]

I got $185 but my state return was supposed to be $360 so I don't understand how this is my tax refund or why it took 2 months to come back

[Critter-3]

If the state changed the refund amount then they usually send a letter of explanation in a couple of weeks  or  you can call the state and ask.