Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. View more ProSeries Hot Topics here.
    Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. View more ProSeries Hot Topics here.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    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

    0 Cheers
    Reply
    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♥¸¸.•*¨*•♫♪
    Reply
    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

    0 Cheers
    Reply






    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security