Yes. State refund must be claimed as income on your federal return.
You do not have to report any income tax refund on any tax forms, it is not income.
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
No. But you must claim any refunds of State & local taxes that you deducted in a prior year.
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
You do not have to report any income tax refund on any tax forms, it is not income.
If you took the amount as a deduction as State taxes on your federal return originally (say refund is from a prior year), then getting it back now is reported as income.
No, when filing for the state income taxes, you will receive your federal income tax refund as well as your state income tax refund.
No. But you must claim any refunds of State & local taxes that you deducted in a prior year.
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Not your state income tax refund. But the state may have a claim on it and they would keep the necessary amount that is owed for that purpose.
A Federal income tax refund is not taxable income (for state or Federal purposes) in the year a taxpayer receives it.A state income tax refund for a previous tax year, however, may be another story. It will be Federal taxable income in the year in which the taxpayer receives the refund, if he itemized deductions on the previous year's Federal income tax return.Suppose a taxpayer files his 2010 Form 1040, and itemizes his deductions. Following the instructions for the 1040, he deducts $500 withheld as state income tax (shown on his W-2) in computing his 2010 Federal taxable income. He then prepares his state income tax return and discovers that he owes only $435 in state income tax, and is due a refund of $65 (the difference between the $500 withheld and his actual liability of $435). His actual state tax liability was only $435, but he had deducted $500 from his 2010 Federal taxable income, so when he gets the $65 refund in 2011, he must include it in 2011 income for Federal income tax purposes to make up the difference.However, if the state refund was for a tax year for which the taxpayer did not itemize deductions on his Federal tax refund (i.e., he took the standard deduction), it is not taxable income to him.
No. But if you live in one of the states that allows a state deduction for federal taxes and you took such a deduction, you may have to claim it on your state return.
There is no exact date for either the State or Federal Income tax refund to get to you. If you file electronically, they will usually get to you at about the same time but there will not be a significant difference.
Your PA state income tax form is sent to the state and not the IRS. The 1040 will be sent to the IRS. No need to send the state with the 1040.
yes you do
I assume that this question is about an income tax refund, and not about an income tax return (which is the form you file with income tax authorities every year, along with any income taxes you still owe.)A Federal income tax refund is not taxable income (for state or Federal purposes) in the year a taxpayer receives it.A state income tax refund for a previous tax year, however, may be another story. It will be Federal taxable income in the year in which the taxpayer receives the refund, if he itemized deductions on the previous year's Federal income tax return.Suppose a taxpayer files his 2010 Form 1040, and itemizes his deductions. Following the instructions for the 1040, he deducts $500 withheld as state income tax (shown on his W-2) in computing his 2010 Federal taxable income. He then prepares his state income tax return and discovers that he owes only $435 in state income tax, and is due a refund of $65 (the difference between the $500 withheld and his actual liability of $435). His actual state tax liability was only $435, but he had deducted $500 from his 2010 Federal taxable income, so when he gets the $65 refund in 2011, he must include it in 2011 income for Federal income tax purposes to make up the difference.However, if the state refund was for a tax year for which the taxpayer did not itemize deductions on his Federal tax refund (i.e., he took the standard deduction), it is not taxable income to him.