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Author: isophorone Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308369  
Subject: Re: BIG Happy Dance!!!!!!(long) Date: 5/26/2006 11:57 AM
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Megan,

You understand that the refund is only taxable because the initial state tax payment reduced your federal tax bill, right?


Yes, I do. But given that the refund is treated as "above the line" income, I get a little suspicious. I still consider it a pain in the rear, and I'd rather cut it down or have the money up front.

Ron
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