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    • Created with Sketch. See what's trending for the upcoming tax season. View ProSeries Hot Topics.
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    Has there been a decision as to whether the middle-class refund is taxable on federal?

    snoopy
    Level 1
    ‎02-07-2023 05:04 PM

    1099misc middle class refund

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    2 Comments 2
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎02-07-2023 05:55 PM

    Havent seen anything official from IRS, but ProSeries started excluding it per General Welfare Exclusion a couple weeks ago.  Mark the MCTR box on the 1099MISC worksheet and the program will do the rest.


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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    JOFI
    Level 7
    Level 7
    ‎02-08-2023 05:29 AM

    The IRS appears to be mulling it over:

    IRS Working on 1099 Guidance for Middle Class Tax Refund in California - CPA Practice Advisor

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