Sentences with phrase «previous state income tax deductions»

They may also be subject to recovery for any previous state income tax deductions you exercised.

Not exact matches

This was likely a last - minute concession to appease lawmakers in high - tax states, like New York and California; a previous version of the tax bill eliminated deductions for state and local income taxes entirely.

If you did not itemize deductions the previous year, and instead took the standard deduction, or if you itemized but did not take the state income tax deduction (taking the sales tax deduction instead), you do not need to add the 1099 - G refund to your income (see the instructions for 1040 Line 10).