Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Joined
Nov 20, 2009
Messages
6,699
I realized that I will have to pay taxes on these refunds because I included in my itemized deductions for my 2011 income tax return those health insurance premiums (and was well above the 7.5% of AGI cutoff as well as the standard deduction. This is the same principle used for state and local tax refunds and rebates if you included the original amount when you itemized your deductions in a prior year's return.