9/20/2023 0 Comments Turbotax help line![]() Simply Free ($0 federal for simple tax returns and $0 state) is only available for those with a qualifying tax situation offer may change or end at any time without notice. Start for free: TaxSlayer pricing is based on your tax situation and the type of support you want and varies by product. ![]() If you received a 1099-G: UNEMPLOYMENT COMPENSATION, enter the information by going to:įor more information on the 1099-G: Unemployment Compensation Click here You must complete all information that is applicable. To enter this in the program, take these steps: By entering some basic information about your refund, TaxSlayer will automatically fill out the worksheet for you. The IRS requires that you fill out a State and Local Income Tax Worksheet to determine what portion of the refund is considered taxable. If your state or local refund is considered taxable (see above), you must report it as income. You would not have to report this as income on your return. If your refund is not considered taxable, then just retain your 1099-G for your records. See "My refund is taxable." Below for how to report it. Income Taxes: Your state or local refunds ARE taxable.General Sales Tax (ST): Your state or local refunds are NOT taxable (see "My refund is not taxable." Below).Is the amount on line 5 for State and Local Income Taxes or General Sales Tax (ST)?.Did you have an amount on line 5 of your Schedule A?.NO: Your state or local refunds are NOT taxable (see "My refund is not taxable." Below).Did you itemize your deductions for your return last year? (Hint: If you did itemize, you should have a Schedule A with your copy of last year's return).If you are not sure if your refund is taxable, answer the following questions to find out: None of your refund is taxable if, in the year you paid the tax you either (a) did not itemize your deductions, or (b) elected to deduct state and local general sales taxes instead of state and local income taxes. If you itemized deductions on your federal return in the same year that you received the state or local refund, the refund may be considered taxable income. If you received a refund of state or local income taxes from last year's tax return, you may receive a Form 1099-G reporting this refund as income.
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