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Okay, so maybe I am on the late bus, but DH is doing our taxes and if he is reading it correctly, we have to claim

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BigB
C & J are 10!

Member since 6/05

5914 total posts

Name:
Stacey

Okay, so maybe I am on the late bus, but DH is doing our taxes and if he is reading it correctly, we have to claim

our tax refund as income! Is this right? We both are Chat Icon Chat Icon sitting on the couch as we are reading this! I just don't get it!

Posted 4/13/09 10:38 PM
 
Long Island Weddings
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MrsPJB2007
MBA at your service!

Member since 7/06

12020 total posts

Name:
MJ

Re: Okay, so maybe I am on the late bus, but DH is doing our taxes and if he is reading it correctly, we have to claim

if you itemized your 2007 income taxes -- and received a state tax refund -- yes you are supposed to claim it on your 2008--as it is considered income on your federal return. (however it is excluded from your income on the state)

usually you receive a 1099-G State Refund document -- and the amount is reported on line 10 -- based on the worksheet for that line of your 1040

Posted 4/13/09 11:22 PM
 
 

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