Put T for Taxable income or N for Nontaxable income beside each item below as it normally would be treated for tax purposes.
-State tax refund of a nonitemzer.

Name: Put T for Taxable income or N for Nontaxable income beside each item below as it normally would be treated for tax purposes. -State tax refund of a nonitemzer.
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Question

Quizplus · Accepted Answer

State tax refunds are considered nontaxable income for individuals who do not itemize deductions on their federal tax returns.

Put T for Taxable Income or N for Nontaxable Income