Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
- Posts: 10
- Joined: Sun Oct 25, 2015 8:04 am
I was subject to AMT in 2017 and therefore couldn’t deduct my state and local income taxes. Am I still required to pay income tax on the state income tax refund I received in 2018?
- Posts: 2051
- Joined: Thu Dec 27, 2018 3:06 pm
No. If the state income taxes were not deducted on your federal return then the state refund is not taxable income.