IRS says guidance on whether Middle Class Tax Refund is taxable could come next week
Published Date: 2/4/2023
Source: KCRA 3
The IRS said on Friday that guidance clarifying whether California’s Middle Class Tax Refund payments should be considered income for federal tax purposes could come next week. As of last month, California’s Franchise Tax Board (FTB) has issued more than $9 billion in payments that have benefitted more than 31 million California taxpayers and their dependents. Subscribe to KCRA on YouTube now for more: http://bit.ly/1kjRAAn Get more Sacramento news: http://www.kcra.com Like us: http://facebook.com/KCRA3 Follow us: http://twitter.com/kcranews Instagram: https://www.instagram.com/kcranews/