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The Middle Class Tax Refund MCTR was a one time payment issued to eligible recipients between October 2022 and January 2023 to provide relief to Californians Reminder to activate your debit card
The Middle Class Tax Refund payment is not taxable for California state income tax purposes The Middle Class Tax Refund payment will not be subject to offset for debts owed to Franchise Tax Board or other government agencies
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Why Is My State Tax Refund Taxable YouTube
Why Is My State Tax Refund Taxable YouTube
You do not need to claim the payment as income on your California income tax return The IRS delivered guidance on state tax payments on February 10 2023 stating that Californians do not need to report the MCTR payments on their 2022 tax return and that the IRS will not challenge the taxability of these payments for the 2022 tax year
Now the IRS has confirmed it won t challenge the taxability of California s middle class tax refunds Californians who received a 1099 MISC related to their MCTR shouldn t have to worry
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1099 G FAQs
1099 G FAQs
The IRS has announced that special payments made by 21 states in 2022 are not taxable and don t need to be reported on your 2022 taxes
The Internal Revenue Service announced today that California taxpayers do not have to report the Middle Class Tax Refund on their federal returns When gas prices were soaring in 2022 and
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Is My State Tax Refund Taxable Intuit TurboTax Blog
Is Your State Tax Refund Taxable
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https://www.ftb.ca.gov/about-ftb/newsroom/public...
The Middle Class Tax Refund payment is not taxable for California state income tax purposes The Middle Class Tax Refund payment will not be subject to offset for debts owed to Franchise Tax Board or other government agencies
https://www.latimes.com/california/story/2023-02...
In guidance late Friday afternoon the IRS said California s Middle Class Tax Refund and similar payments in other states would not be subject to federal taxes
The Middle Class Tax Refund payment is not taxable for California state income tax purposes The Middle Class Tax Refund payment will not be subject to offset for debts owed to Franchise Tax Board or other government agencies
In guidance late Friday afternoon the IRS said California s Middle Class Tax Refund and similar payments in other states would not be subject to federal taxes
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1099 G Form 2023 2024
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