Most Americans won't owe taxes on state rebates and refunds from 2022 related to the pandemic, the IRS said
hold off filing their tax returns
, the Internal Revenue Service provided guidance on the taxability of certain state payments Friday to clear up the confusion. Most taxpayers who received state refunds and rebates in 2022 related to the pandemic and its consequences won’t owe federal taxes on the money, the IRS said. Tax professionals and elected officials had criticized the IRS for not addressing ambiguity over the payments.
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