Each year during tax season, the City of Dublin Division of Taxation issues 1099-G statements to individual taxpayers, notifying them that they have received a refund or credit.
State and local tax authorities must file information returns with IRS on Form 1099-G with respect to individuals’ income tax refunds, or credits or offsets with respect to income taxes, aggregating $10 or more in one calendar year. The return must include the aggregate amount of the state or local income tax refund (credit or offset).
A “credit or offset” is a tax overpayment which, in lieu of being refunded to the taxpayer, is either applied against an existing liability of the taxpayer, or is available for application against a future liability of the taxpayer, or otherwise used or available for use for the taxpayer’s benefit.
Please consult with your tax preparer concerning the taxability of the 1099-G statement should you receive one. If you have any questions, please call the City of Dublin Division of Taxation at 614-410-4435.