Over 16 million taxpayers from states like California should hold off on filing their taxes because of extra stimulus checks, the IRS says

Feb 8 2023 by Business Insider

 

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In 2022, some states opted to give residents checks or tax rebates to offset the cost of inflation. Now, the IRS is looking into those payments and their taxability, and advising taxpayers who received them to wait on filing their federal returns. Waiting on guidance might mean taxpayers get refunds later, since they had to wait to file.

Last year, to offset rising costs, many states stepped in to give residents some extra money in their pockets. Now, it's unclear...

Continue Reading Over 16 million taxpayers from states like California should hold off on filing their taxes because of extra stimulus checks, the IRS says