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In 2017, Tomas a single taxpayer, had $4000 in state tax withheld from his paycheck. He properly deducted that amount on his 2017 tax return
In 2017, Tomas a single taxpayer, had $4000 in state tax withheld from his paycheck. He properly deducted that amount on his 2017 tax return as an itemized deduction that he qualified for, thus reducing his tax liability. after filing his 2017 tax return, Tomas discovered that he had overpaid his state tax by $306. He received his refund in July 2018. What must Tomas do with the $306 refund?
Check all that Apply:
State Refund of $306 should be included in taxable income
State refund of $306 should not be included in taxable income.
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