Reference no: EM132483257
Louis files as a single taxpayer. In April of this year he received a $900 refund of state income taxes that he paid last year.
Question 1: How much of the refund. If any, must Louis include in gross income under the following Independent scenarios? Assume the standard deduction last year was $12.000. (Leave no answer blank. Enter zero if applicable.)
a. Last year Louis claimed itemized deductions of $12.250. Louis's itemized deductions included state Income taxes paid of $1,750 and no other state or local taxes.
- Louis files as a single taxpayer. In April of this year he received a $900 refund of state income taxes that he paid last year.
Question 2: How much of the refund. if any. must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12.000 (Leave no answer blank. Enter zero if applicable.)
b. Last year Louis had itemized deductions of $10.800 and he chose to claim the standard deduction. Louis's Itemized deductions included state income taxes paid of $1.750 and no other state or local taxes.
LOWS files as a single taxpayer. In April of this year he received a $900 refund of state income taxes that he paid last year.
Question 3: How much of the refund. if any. must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12.000 (Leave no answer blank. Enter zero if applicable.)
C. Last year Louis claimed itemized deductions of $13.440. Louis's itemized deductions included state income taxes paid of $2.750 and no other state or local taxes.