WebJan 27, 2024 · When entering the 1099-MISC CA MCTR , there will be a question asking if the payment is for the California Middle Class Tax Refund. Select “Yes” to … WebAs of 2/10/2024 the IRS has changed their guidance on these state tax refunds including the California Middle Class Tax Refund. You can review that IRS notice here . This …

1099-Misc Form for Middle Class Tax Refund : r/taxhelp

WebJan 19, 2024 · January 19, 2024, 2:04 AM. Have you received a letter in the mail stating you owe taxes on your Middle Class Tax Refund even though you have yet to actually receive the refund money? You're not the only one. A Sacramento County husband and wife reached out to KCRA 3 Investigates after they received a 1099-MISC in the mail from the … WebFeb 10, 2024 · WASHINGTON — The Internal Revenue Service provided details today clarifying the federal tax status involving special payments made by 21 states in 2024. The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2024 tax returns. respironics under the nose bipap mask

1099-Misc Middle Class Tax Refund - ttlc.intuit.com

WebCalifornia Middle Class Tax Refund reporting. I didnt get a 1099-misc from California to report my taxes for MCTR like the refunds in the previous years. I am curious do I need … WebJan 19, 2024 · The Middle Class Tax Refund payment is not taxable for California state income tax purposes. However, the MCTR payments may be considered federal income. FTB says: "As such, a 1099-MISC for MCTR ... WebJan 27, 2024 · January 27, 2024 11:07 AM. Yes, the CA MCTR is now being federally exempt from federal taxes and also in California. We had a software update today that includes the CA MCTR payments exclusion after entering the 1099-MISC, where you can check it was a payment from CA MCTR. It will not affect your federal due or refund … respironics ultrafill system