Guidance issued on consequences of certain state payments after 2022

Guidance issued on consequences of certain state payments after 2022

The IRS issued guidance on the treatment of refunds of state or local taxes and certain other payments made by states made to individuals in 2023 and future years, including spillover payments made in 2023 under 2022 programs covered by IRS News Release IR-2023-23.
Source: JOA News
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