Question
A married couple who file jointly, reported a standard deduction of $25,100 on their 2021 tax return. They paid $500 to the state for income
A married couple who file jointly, reported a standard deduction of $25,100 on their 2021 tax return. They paid $500 to the state for income taxes in 2021. In 2022, they received a $125 refund of state taxes paid in 2021. What is the amount that they need to report on their 2022 tax return?
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Accounting A Smart Approach
Authors: Mary Carey, Jane Towers-Clark, Cathy Knowles
2nd Edition
0199674914, 978-0199674916
