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Jan is a single, cash-method taxpayer. On April 11, 2018, Joyce paid $95 in state income taxes with her 2017 state income tax return. During
Jan is a single, cash-method taxpayer. On April 11, 2018, Joyce paid $95 in state income taxes with her 2017 state income tax return. During 2018, Jan had $1,900 in state income taxes withheld. On April 13, 2019, Jan paid $160 with her 2018 state tax return. During 2019, she had $2,800 in state income taxes withheld from her paycheck. Upon filing her 2019 tax return on April 15, 2020, she received a refund of $475 for excess state income taxes withheld. Jan had total AGI in 2019 and 2020 of $52,000 and $54,200, respectively. In 2019, Jan also paid $10,900 in qualified residence interest. (Click the icon to view the standard deduction schedule.) Read the requirements. Requirement a. What is the amount of state income taxes Jan may include as an itemized deduction for 2018? First select the appropriate labels and then calculate the 2018 itemized deduction for state income taxes. (If an input field is not used in the table leave the input field(s) empty; do not select a label or enter a zero.) 2018 itemized deduction for state income taxes Requirement b. What is Jan's allowed itemized deduction for state income taxes for 2019? First select the appropriate labels and then calculate the 2019 itemized deduction for state income taxes. (If an input field is not used in the table leave the input field(s) empty; do not select a label or enter a zero.) 2019 itemized deduction for state income taxes Requirement c. What is Jan's taxable income for 2019? (If an input field is not used in the table leave the input field(s) empty; do not select a label or enter a zero.) Minus: Deductions from AGI: Taxable income Requirement a. What is the amount of state income taxes Jan may include as an itemized deduction for 2018? First select the appropriate labels and then calculate the 2018 itemized deduction for state income taxes. (If an input field is not used in the table leave the input field(s) empty; do not select a label or e 2018 state income tax withheld 2019 state income tax withheld Balance due with 2017 tax return | Balance due with 2018 tax return Balance due with 2019 tax return tion for state income taxes for 2019? e 2019 itemized deduction for state income taxes. (If an input field is not used in the table leave the input field(s) empty; do not select a label or e Refund of 2019 taxes received in 2020 X i Schedule of Standard Deductions STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $ 24,400 Heads of households $ 18,350 $ 12,200 12,200 $1,300* Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. * These amounts are $2,600 and $3,300, respectively, for a taxpayer who is both aged and blind. $1,650* Print Done i X Requirements a. What is the amount of state income taxes Jan may include as an itemized deduction for 2018? b. What is Jan's allowed itemized deduction for state income taxes for 2019? c. What is Jan's taxable income for 2019? Print Done
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