Submitted by Lilslugga2002 t3_10xg6i1 in massachusetts
wallet535 t1_j7sqiuu wrote
Reply to comment by Hanover02339 in IRS May Tax Massachusetts Refunds Sent In 2022 Under 62F Law by Lilslugga2002
It wouldn’t make sense. That’s why the state wrote that the Chapter 62F refund would be federally taxable only to the extent it was previously deducted from your federal income. In your example, it wouldn’t have previously been deducted; thus, it wouldn’t be taxable.
Hanover02339 t1_j7sroxh wrote
U/wkomorow provided a link that addresses the situation precisely. That’s good Reddit.
wallet535 t1_j7sssiy wrote
Hell yeah!
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