Submitted by bostonmacosx t3_11ss7vv in massachusetts
Normally would get a tax form about last years rebate being taxable income or something of that nature I can't recall it exactly from years past...just haven't seen one this year....
Submitted by bostonmacosx t3_11ss7vv in massachusetts
Normally would get a tax form about last years rebate being taxable income or something of that nature I can't recall it exactly from years past...just haven't seen one this year....
modernhomeowner t1_jcf69n7 wrote
It's only taxable if you both itemized and did not take the full salt deduction at the same time (kind of hard to do, not impossible). I think I read it's like 0.2% of taxpayers. Show your tax person your federal taxes from last year and ask if that applies to you.
https://www.irs.gov/newsroom/irs-issues-guidance-on-state-tax-payments-to-help-taxpayers