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Tax

Feb. 16, 2023

IRS rules California middle class tax refunds are not taxable

The IRS said that given the complicated fact-specific nature of evaluating these payments for federal tax purposes, it was ruling that these 2022 refunds/rebates do not have to be reported as income.

Robert W. Wood

Managing Partner
Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

See more...

Are refunds of state taxes taxed by the IRS? It turns out to be a surprisingly complex topic. And it was made even more complex over the past year by the patchwork of states – including California – that decided to offer some extra pandemic relief in the form of refunds or rebates of state taxes. Of course, getting a check in the mail is always nice, whatever the circumstances. But any check is a little less attractive if you find out that you have to take it into in...

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