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Virginia Tax Relief refund

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Level 2

The 'little jackpots' we Virginians received called a 'tax relief refund' early fall of 2019.  

Taxable income (depends).   If took standard deduction, not taxable. If one itemized, any

refund is taxable.  I have a client who 'owed for 2018', but yet received that 

small refund.  My software didn't include the $220 as Taxable income.

 

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3 Replies 3
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Level 15
Level 15

Probably because the program didnt know about it automatically.  You would need to access the State Refund Worksheet and enter it in there.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 2

Recomputed and recovery exclusion applies......

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Level 10

Yeah, it's going to be a mess this year.  Pretty much assume that anything that rolls over from prior year is going to be wrong.  I did notice that VA is including the $110/$220 on the 1099-G (but the 1099-G will not match what the software is expecting).  In many cases it's not going to matter (no tax benefit if the SALT hit the $10K cap).

Way to go Richmond.

Rick