Have you received 1099g from Virginia this year?

[Anonymous]

Last year, I got refund from Virginia. I am still waiting for 1099g form in order to file tax this year. I did a look up for 1099g from the state’s website but I have not seen the form for 2019 for my account. Has anybody received this form yet ? Thx

[Anonymous]

Yes, a while ago. It was postcard size.

You can just use the number from last years return since you know what it is. You probably didn’t benefit from the deduction anyway with the 10k state and local tax cap.

[Anonymous]

Anonymous wrote:Yes, a while ago. It was postcard size.

You can just use the number from last years return since you know what it is. You probably didn’t benefit from the deduction anyway with the 10k state and local tax cap.

I have to pay both fed & state for last year refund. No deduction.

I think I got $220 from the state of Virginia during the summer “tax relief fund” Did the state add this amount into the refund when you received your 1099g ? For example, refund when I filed tax 2018 is $500. My 1099g for 2019 is $500 or $720 ? Thx

[Anonymous]

You will NOT get a 1099G from VA if you claimed the standard deduction on your fed taxes for 2018. With the changes in tax laws, this is why I didn't receive a 1099G from VA for the first time in 10 years. Why? Because the amount of VA taxes does NOT impact the standard deduction if you took that for 2018.

If you itemized for 2018, one of your itemized deductions was the taxes you paid to VA. If you then received a refund from VA, that means part of the state taxes you claimed as a deduction was refunded to you and was NOT taxed by the feds. I'm tired so I might not be writing clearly. If you have questions, call the VA tax office. I made my way to a very nice lady who patiently explained this to me. Its simple, once you understand.

[Anonymous]

Anonymous wrote:You will NOT get a 1099G from VA if you claimed the standard deduction on your fed taxes for 2018. With the changes in tax laws, this is why I didn't receive a 1099G from VA for the first time in 10 years. Why? Because the amount of VA taxes does NOT impact the standard deduction if you took that for 2018.

If you itemized for 2018, one of your itemized deductions was the taxes you paid to VA. If you then received a refund from VA, that means part of the state taxes you claimed as a deduction was refunded to you and was NOT taxed by the feds. I'm tired so I might not be writing clearly. If you have questions, call the VA tax office. I made my way to a very nice lady who patiently explained this to me. Its simple, once you understand.

Thank you so much. I did not know about the changes in tax law.

[Anonymous]

https://www.individual.tax.virginia.gov/1099G/login.jsf

[Anonymous]

Yes a long time ago.

[Anonymous]

Anonymous wrote:You will NOT get a 1099G from VA if you claimed the standard deduction on your fed taxes for 2018. With the changes in tax laws, this is why I didn't receive a 1099G from VA for the first time in 10 years. Why? Because the amount of VA taxes does NOT impact the standard deduction if you took that for 2018.

If you itemized for 2018, one of your itemized deductions was the taxes you paid to VA. If you then received a refund from VA, that means part of the state taxes you claimed as a deduction was refunded to you and was NOT taxed by the feds. I'm tired so I might not be writing clearly. If you have questions, call the VA tax office. I made my way to a very nice lady who patiently explained this to me. Its simple, once you understand.

How do they know how much of the state taxes you used to offset your federal tax liability? For example, let's say your property tax was $9K and your state tax was $6K and you got a $1K refund. On the federal return, you really only got the benefit of $1K of state income tax due to the SALT cap so even though you are getting a $1K refund you still have $5K of state tax that you did pay which more than fills up the amount above and beyond your property tax.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You will NOT get a 1099G from VA if you claimed the standard deduction on your fed taxes for 2018. With the changes in tax laws, this is why I didn't receive a 1099G from VA for the first time in 10 years. Why? Because the amount of VA taxes does NOT impact the standard deduction if you took that for 2018.

If you itemized for 2018, one of your itemized deductions was the taxes you paid to VA. If you then received a refund from VA, that means part of the state taxes you claimed as a deduction was refunded to you and was NOT taxed by the feds. I'm tired so I might not be writing clearly. If you have questions, call the VA tax office. I made my way to a very nice lady who patiently explained this to me. Its simple, once you understand.

How do they know how much of the state taxes you used to offset your federal tax liability? For example, let's say your property tax was $9K and your state tax was $6K and you got a $1K refund. On the federal return, you really only got the benefit of $1K of state income tax due to the SALT cap so even though you are getting a $1K refund you still have $5K of state tax that you did pay which more than fills up the amount above and beyond your property tax.

There's a worksheet. In the case above the state tax refund will not be added back to your federal income because you didn't receive the benefit of deducting it last year due to the cap.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You will NOT get a 1099G from VA if you claimed the standard deduction on your fed taxes for 2018. With the changes in tax laws, this is why I didn't receive a 1099G from VA for the first time in 10 years. Why? Because the amount of VA taxes does NOT impact the standard deduction if you took that for 2018.

If you itemized for 2018, one of your itemized deductions was the taxes you paid to VA. If you then received a refund from VA, that means part of the state taxes you claimed as a deduction was refunded to you and was NOT taxed by the feds. I'm tired so I might not be writing clearly. If you have questions, call the VA tax office. I made my way to a very nice lady who patiently explained this to me. Its simple, once you understand.

How do they know how much of the state taxes you used to offset your federal tax liability? For example, let's say your property tax was $9K and your state tax was $6K and you got a $1K refund. On the federal return, you really only got the benefit of $1K of state income tax due to the SALT cap so even though you are getting a $1K refund you still have $5K of state tax that you did pay which more than fills up the amount above and beyond your property tax.

There's a worksheet. In the case above the state tax refund will not be added back to your federal income because you didn't receive the benefit of deducting it last year due to the cap.

Got it, so Turbo Tax will take care of this for me. Thank you.