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New Member
posted Mar 10, 2022 10:19:47 AM

Do I need to declare a tax refund as income?

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1 Best answer
Level 3
Mar 10, 2022 5:25:17 PM

No, you do not need to claim your tax refund as income on your tax return. The tax refund you get is already taxed and is an amount owing to you, so this money does not need to be declared on your tax return.

 

For more information on what is and is not considered taxable income please refer to the following article:

Who Is Required to File an Income Tax Return?

Thank you for choosing TurboTax

1 Replies
Level 3
Mar 10, 2022 5:25:17 PM

No, you do not need to claim your tax refund as income on your tax return. The tax refund you get is already taxed and is an amount owing to you, so this money does not need to be declared on your tax return.

 

For more information on what is and is not considered taxable income please refer to the following article:

Who Is Required to File an Income Tax Return?

Thank you for choosing TurboTax