If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2014, see Frozen deposits under How To Report Interest Income in chapter 1 of Publication 550, for information about reporting this interest income exclusion on your tax return.
What are the most income tax-friendly states for retirees? That would be the seven states â Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming â that donât tax personal income; and the two states â New Hampshire and Tennessee â that collect income tax only on interest and dividend income.
Average Tax Refund by State Taxpayers residing in Connecticut, Nevada and Texas receive the highest average federal tax refunds, according to IRS data. The smallest refund checks go to mailboxes in rural states: Montana, Maine, Vermont and North Dakota. The following table shows federal individual income tax refund statistics, by state, for fiscal year 2011, the most recent state data available from the IRS: