IRS reminds that state tax rebate is taxable - - Tulsa, OK - News, Weather, Video and Sports - |

IRS reminds that state tax rebate is taxable

OKLAHOMA CITY (AP) -- The Internal Revenue Service is reminding Oklahomans that last year's 45 and 90 tax rebates from the state are taxable.

Most Oklahoma taxpayers received the checks late last year with individuals receiving $45 and couples who filed jointly getting $90.

IRS spokesman David Stell says the rebates should be reported as "other income" on line 21 of Form 1040.

Stell says taxpayers who've already filed their 2005 returns and forgot to report the rebate as income should file an amended tax return by April 17th to avoid penalties and interest charges. The amended form to use is IRS Form 1040X.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.