28. A married couple following jointly is currently taking the standard deduction they paid state income tax during the tax year 2023 in the amount of $35,000 they have no other itemized deduction is the following statement accurate about whether they should itemize on their Federal us 1040. A. They can possibly itemize if it will depend on their income. B. The standard deduction for married filing joint list 27,700 this amount is greater than the itemized deduction of $10,000 for the state income taxes the taxpayers should use the standard deduction.
28. A married couple following jointly is currently taking the standard deduction they paid state income tax during the tax year 2023 in the amount of $35,000 they have no other itemized deduction is the following statement accurate about whether they should itemize on their Federal us 1040. A. They can possibly itemize if it will depend on their income. B. The standard deduction for married filing joint list 27,700 this amount is greater than the itemized deduction of $10,000 for the state income taxes the taxpayers should use the standard deduction.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 36P
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28. A married couple following jointly is currently taking the standard deduction they paid state income tax during the tax year 2023 in the amount of $35,000 they have no other itemized deduction is the following statement accurate about whether they should itemize on their Federal us 1040.
A. They can possibly itemize if it will depend on their income.
B. The standard deduction for married filing joint list 27,700 this amount is greater than the itemized deduction of $10,000 for the state income taxes the taxpayers should use the standard deduction.
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