Is a Federal Income Tax Refund taxable?

Does the Fed. Income tax Refund need to be included in taxable income?

Public Comments

1. No, it's an overpayment of taxes based on your salary/pay. They return it to you because they shouldn't have had the money in the first place.
2. No. Only state refunds would be taxable and only if you itemized in the prior year and included your state income taxes and only to the extent that itemized deductions exceeded the standard deduction.
3. NO! Visit the IRS website!