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Is the homeowner property tax refund taxable on my 2007 income tax return?

April 26, 2017Homeowner refund Return taxable

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Is the homeowner property tax refund taxable on my 2007 income tax return?

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State Income Tax • Include this refund in your 2007 taxable income if you itemized your deductions and included a deduction for your real estate property taxes on your 2006 state income tax return. • Do not include this refund in your 2007 taxable income if you claimed the standard deduction on your 2006 state income tax return. See Montana’s tax booklets or visit mt.gov/revenue for additional information. Federal Income Tax • Include this refund in your 2007 taxable income if you itemized your deductions and included a deduction for your real estate property taxes on your 2006 federal income tax return. • Do not include this refund in your 2007 taxable income if you claimed the standard deduction on your 2006 federal income tax return.