A taxpayer lives in California, a state that imposes a tax on income. The following information relates to the taxpayer's state income taxes for 2022: Taxes withheld in 2022 $ 3,000 State refund received in 2022 from the 2021 tax return 300 Additional assessment paid in 2022 on the 2020 tax return 800 Assuming this taxpayer elects to deduct state and local income taxes, what amount should she use as an itemized deduction for state and local income taxes for her 2022 federal income tax return?
A taxpayer lives in California, a state that imposes a tax on income. The following information relates to the taxpayer's state income taxes for 2022: Taxes withheld in 2022 $ 3,000 State refund received in 2022 from the 2021 tax return 300 Additional assessment paid in 2022 on the 2020 tax return 800 Assuming this taxpayer elects to deduct state and local income taxes, what amount should she use as an itemized deduction for state and local income taxes for her 2022 federal income tax return?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A taxpayer lives in California, a state that imposes a tax on income. The following information relates to the taxpayer's state income taxes for 2022:
| Taxes withheld in 2022 | $ 3,000 |
|---|---|
| State refund received in 2022 from the 2021 tax return | 300 |
| Additional assessment paid in 2022 on the 2020 tax return | 800 |
Assuming this taxpayer elects to deduct state and local income taxes, what amount should she use as an itemized deduction for state and local income taxes for her 2022 federal income tax return?
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