Has there been a decision as to whether the middle-class refund is taxable on federal?

snoopy · ‎02-07-2023

1099misc middle class refund

Just-Lisa-Now- · ‎02-07-2023

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♥¸¸.•*¨*•♫♪

JOFI · ‎02-08-2023

The IRS appears to be mulling it over:

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

Has there been a decision as to whether the middle-class refund is taxable on federal?

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