IRS provides '11th hour' guidance on state relief checks

Deutschland Nachrichten Nachrichten

IRS provides '11th hour' guidance on state relief checks
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 FoxNews
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 87%

The Internal Revenue Service announced Friday that it will not impose any federal taxes on most relief checks issued by states last year.

, Oregon, Pennsylvania and Rhode Island. That also applies to supplementary energy relief payments in Alaska that were in addition to the annual Permanent Fund Dividend, the IRS said.

A key question was whether the federal government would count those payments as income and require Californians to pay taxes on it. Manyhad delayed filing their 2022 returns while waiting for an answer. Friday, the IRS said it would not tax the refund.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

FoxNews /  🏆 9. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

11th hour guidance: IRS won’t tax most relief payments made by states11th hour guidance: IRS won’t tax most relief payments made by statesThe IRS announced Friday that most relief checks issued by states last year aren’t subject to federal taxes, providing 11th hour guidance as tax returns start to pour in.
Weiterlesen »

IRS says California, most state tax rebates aren't considered taxable incomeIRS says California, most state tax rebates aren't considered taxable incomeThe IRS on Friday said that taxpayers in 'many states' won't need to report tax rebates on their 2022 tax returns, which are due by April 18 this year.
Weiterlesen »

IRS won’t tax most state inflation relief paymentsIRS won’t tax most state inflation relief paymentsThe Internal Revenue Service will not collect federal taxes against state-issued inflation relief payments or tax refunds, the agency announced Friday, a reprieve for tens of millions of taxpayers who received the subsidies.
Weiterlesen »

IRS finally provides late guidance on state stimulus checksIRS finally provides late guidance on state stimulus checksMost taxpayers in the 21 states that sent out stimulus checks or tax rebates in 2022 don’t need to pay taxes on those payments on this year’s federal tax return, the Internal Revenue Service announced.
Weiterlesen »

'Not acceptable:' IRS watchdog calls out agency's latest misstep'Not acceptable:' IRS watchdog calls out agency's latest misstepThe watchdog for the Internal Revenue Service blasted the agency for failing to provide timely guidance on state stimulus payments, creating unnecessary complexity for millions of American taxpayers this tax season.
Weiterlesen »



Render Time: 2025-03-04 11:22:50