Do you need to pay taxes on the rebate?

If you took the standard deduction on your 2024 individual income taxes, you won't need to take an action on your federal return related to the rebate.

If you itemized your deductions, you may be required to report the rebate amount you received as income on your federal return, depending on your circumstances. You would have received a Form 1099G, just like you would if you received a state refund. Please review IRS guidance on state tax payments and consult a tax professional if you have additional questions.

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