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I.R.S. Decides Most Special State Payments Are Not Taxable

Por: The New York Times Business February 11, 2023

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The Internal Revenue Service said on Friday that most taxpayers who received one-time, state-issued payments last year to alleviate the pain of higher inflation would not need to report them as income on their federal income tax returns. But some taxpayers in four states may need to claim the special payments.Last week, the agency told taxpayers until it could provide further guidance on how to treat the payments, which affected millions of... + full article



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