The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: overtax refund Date:  8/28/2013  9:02 PM
Author:  WPatch Number:  119096 of 127315

Another reason that a state income tax refund might be not taxable is that the optional sales tax deduction would be elected.

If there is any doubt about the deductibility of all or part of a state tax refund, a computer tax program will suggest that the preparer complete a worksheet with data from the previous year's return.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us