Question
I
received a form 1099G from NY State, it says statement of tax
overpayment. What is this? Did I overpay my
taxes?
Answer
This represents
your NYS tax refund from last year, it is perfectly normal to
receive this. Since state taxes are generally
deductible on your federal return, you may need to add the
amount refunded to your taxable income when filing this
year.