Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site elsie.UUCP Path: utzoo!watmath!clyde!burl!ulysses!harpo!seismo!rlgvax!cvl!elsie!mark From: mark@elsie.UUCP Newsgroups: net.taxes Subject: Re: id AA12739; Wed, 22 Feb 84 05:23:25 pst Message-ID: <821@elsie.UUCP> Date: Thu, 23-Feb-84 06:26:44 EST Article-I.D.: elsie.821 Posted: Thu Feb 23 06:26:44 1984 Date-Received: Fri, 24-Feb-84 02:25:29 EST References: <676@houxz.UUCP> Organization: NIH-LEC, Bethesda, MD Lines: 13 One other exception (as I understand the tax code). If you only deduct the amount of state tax you actually owed, rather than what you payed out in the taxable year, then the refund is not taxable since it did not affect the tax you payed for the previous year. Generally, you're better off deducting the state tax (withholding + estimated) acutally *paid* in the year. Tax on the refund gets deferred until the next year (or at least 3 months if you have to pay estimated). -- Mark J. Miller NIH/NCI/DCE/LEC UUCP: decvax!harpo!seismo!rlgvax!cvl!elsie!mark Phone: (301) 496-5688