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    mandy768's Avatar
    mandy768 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 9, 2007, 09:53 AM
    Tax refunds from prior year
    Hi there my name is amanda and I have never filed my taxes on my own before. So I was wondering do you have to put down the tax refunds from federal and state from the year before? Also are these refunds considered a wage?

    Thank you
    Amanda
    delite's Avatar
    delite Posts: 202, Reputation: 3
    Full Member
    		  
    #2

    Jan 9, 2007, 11:11 AM
    Quote Originally Posted by mandy768
    Hi there my name is amanda and i have never filed my taxes on my own before. so i was wondering do you have to put down the tax refunds from federal and state from the year before?? also are these refunds considered a wage??

    thank you
    amanda
    Refunds from state may be taxable for federal purposes if you itemized deductions on your federal tax return. Refunds of federal income taxes are not taxable...
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 11, 2007, 09:19 AM
    Further, if the state tax refund IS taxable, you are taxed in the year you received the state tax refund, NOT the tax year for the refund.
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