Taxpayers can exclude certain 2022 state payments from federal returns

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Taxpayers can exclude certain 2022 state payments from federal returns

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Taxpayers who received certain general welfare or disaster relief payments or refunds in 2022 will not have to include them in income on their federal returns, the IRS announced on Friday.
Source: JOA News
Read More here – Taxpayers can exclude certain 2022 state payments from federal returns