IRS says many state rebates aren’t taxable at the federal level.

By CNBC

The IRS on Friday issued federal tax guidance for millions of Americans who received state rebates or payments in 2022. The announcement came about a week after the agency had urged those taxpayers to hold off on filing while it determined if the funds are taxable on federal returns. “The IRS has determined that in […]

IRS says many state rebates aren’t taxable at the federal level.

Source: IRS says many state rebates aren’t taxable at the federal level.

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