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A single taxpayer pays $1,200 of state income taxes in 2018. He files his 2018 tax return and claims the standard deduction of $12,000. In
A single taxpayer pays $1,200 of state income taxes in 2018. He files his 2018 tax return and claims the standard deduction of $12,000. In 2019, he receives a state income tax refund of $700. How much, if any, of the $700 refund must he include in gross income on his 2019 return?
| a. | $1,200 | |
| b. | $0 | |
| c. | $700 | |
| d. | $300 |
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