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How much of the refund

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Question - This year Bill received a $900 refund of state income taxes that he paid last year. He paid local property taxes of $4,000 and state income tax of $5000 in last year. Last year Bill claimed itemized deductions of $14,000 (the standard deduction for last year was $12,200). How much of the refund, if any, must Bill include in gross income?

Reference no: EM133019118

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