1 / 4

State Income Tax Refund & Alimony

4491-08-C Income - State Income Tax Refund and Alimony v1.0 VO.ppt. State Income Tax Refund & Alimony. LEVEL 2 TOPIC. New Jersey Income Tax Refunds. Reported only if Taxpayer itemized deductions last year. Claimed deduction for state/local income tax

elisabeth
Download Presentation

State Income Tax Refund & Alimony

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 4491-08-C Income - State Income Tax Refund and Alimony v1.0 VO.ppt State Income Tax Refund& Alimony LEVEL 2 TOPIC NJ Training TY2010 v1.0

  2. New Jersey Income Tax Refunds • Reported only if Taxpayer itemized deductions last year. • Claimed deduction for state/local income tax • Not reported if Sales Tax deducted in prior year • Report on line 10 – Form 1040 • Link to “State Tax Refund Worksheet” • Need prior year data to calculate whether partially taxable • If do not have prior year data, then all taxable NJ Training TY2010 v1.0

  3. 1099-G With State Refund 2008 NJ Training TY2010 v1.0

  4. Alimony • Alimony Received Is Taxable NJ Training TY2010 v1.0

More Related