Do you owe federal taxes on relief checks? Not if you live in these 16 states13 Feb 2023—CNBC
You probably don’t need to pay federal taxes if you received state-issued inflation or tax surplus rebates this year, the Internal Revenue Service has concluded.
Last week, the IRS asked recipients to hold off on filing their tax returns until the agency could confirm whether various rebates in 21 states counted as income, based on their stated purpose.
On Friday, the IRS provided guidance that confirms most filers won’t have to pay federal taxes, although there are some exceptions.
Filers do...