IRS Advises Delayed Filing for Special State Refund Recipients

The IRS recently advised certain taxpayers to hold off on filing their 2022 personal income tax returns due to receiving special state tax refunds in 2022. The rules surrounding these payments are complex and vary from state to state.

At Gallagher Financial Services, we understand the complexities of calculating the taxable amount of state and local refunds. We have extensive knowledge in this area and are committed to taking care of you and ensuring a smooth and stress-free tax-filing experience.

If you have received a special state tax refund in 2022 and are uncertain about the taxability of your state payments, reach out to us. We can help navigate this process and provide expert guidance.

Contact us today for more information.