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Re: what about claiming last years state income (m (archive)
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Posted by FrankR on November 13, 2000 at 16:52:38:

In Reply to: what about claiming last years state income (m) posted by M3pilot on November 13, 2000 at 12:20:42:

Has something to do with itemizing your deductions. You get a tax benefit because you are not using your standard deduction, so then you have to claim it as income next year.


tax refund as income the next year? Can anyone explain that to me? Happens all the time in NY. Isn't that double taxation?




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