IRS Asks Millions Taxpayers in Illinois, Other States to Hold Off on Filing 2022 Tax Returns
The Internal Revenue Service is recommending that taxpayers hold off on filing their tax returns for 2022 if they received a special tax refund or payment from their state last year.
Last year, 19 states offered diverse programs that offered inflation relief payments or refunds for taxpayers. The IRS issued the guidance Friday due to the agency’s uncertainty about the taxability of the payments. “We are working with state tax officials as quickly as possible to provide additional information and clarity for taxpayers,” the For residents from states such as California and Illinois, the agency is recommending that they hold off on filing their tax returns until they receive further instruction from the IRS.If you received a state tax refund last year, here is what you need to know.
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