What is the kicker? The kicker is a refund of surplus revenue in the state’s general fund.
• Is the amount of my kicker refund included in the 2007 tax refunds shown on the 1099G that I received? Yes. The amount of tax shown on the 1099G includes the amount of your kicker refund. If your kicker refund was used to pay off a debt or used for a donation, you are still considered to have received the refund. This amount is reported to the IRS. Your kicker refund will be taxable to the same extent as any other state tax refund you received during the tax year (for example, if you itemized your deductions, you will need to include it in your federal income).
Related Questions
- When reporting MBE/WBE utilization under the EPA State Revolving Fund Program, is it acceptable to claim MBE and WBE participation generated from sources beyond the EPA capitalization amount(s) of the EPA grant?
- I filed for the property tax refund, but the Department of Revenue applied the money to debts owed the State of Montana. Do I still have to report this as income?
- What is the kicker? The kicker is a refund of surplus revenue in the state’s general fund.
