The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
Last year, 19 states offered diverse programs that offered inflation relief payments or refunds for taxpayers. The IRS issued the guidance Friday due to the agency’s uncertainty about the taxability of the payments.
“We are working with state tax officials as quickly as possible to provide additional information and clarity for taxpayers,” theFor residents from states such as California and Illinois, the agency is recommending that they hold off on filing their tax returns until they receive further instruction from the IRS.I GOT A TAX REFUND FROM MY STATE. WHAT DOES THE IRS STATEMENT MEAN FOR ME?
If you got a tax refund from your state in 2022, the IRS is recommending you hold off on filing your tax return until the agency gives further instructions. Certain states that provided these refunds have determined that these payments are not taxable for most people.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hold off on filing your return, IRS tells millions of taxpayersThe Internal Revenue Service says it would clear up confusion this week about whether certain state refunds count as taxable income.
Leer más »
After missing out on Kyrie Irving, the Lakers face internal pressure and tough choicesThe Lakers languished in 13th place in the West – with just three more losses (25-29) than the fourth-place Clippers (30-26), but with the gulf between them and the top six of the conference feelin…
Leer más »
EV maker Rivian to cut 6% of jobs: internal memoThe California\u002Dbased automaker will apparently loose 840 staff as it struggles to achieve profitability
Leer más »
Microsoft internal study: Bing, ChatGPT can challenge Google monopolyLeaked Microsoft research shows the market is embracing Bing and ChatGPT's potential to 'challenge Google's monopoly'
Leer más »
Microsoft internal study: Bing, ChatGPT can challenge Google monopolyLeaked Microsoft research shows the market is embracing Bing and ChatGPT's potential to 'challenge Google's monopoly'
Leer más »