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Submitted By: someone
Answered: March 17, 2023 2:46 am
Answered: March 17, 2023 2:46 am
In 2022, I received a middle class tax rebate from my state (California). Is this taxable?
No. The IRS recently said that special tax payments related to the pandemic made by states are not includible in gross income. The IRS looks at the payments as falling under either the general welfare exclusion or as nontaxable disaster relief payments.
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Tax Glossary
Assignment
The legal transfer of property, rights, or interest to another person called an assignee. You cannot avoid tax on income by assigning the income to another person.
