Question
Joyce is a single, cash-method taxpayer. On April 11, 2017, Joyce paid $ 120 state income taxes with her 2016 state income tax return. During
Joyce is a single, cash-method taxpayer. On April 11, 2017, Joyce paid $ 120 state income taxes with her 2016 state income tax return. During 2017, Joyce had $ 1 comma 600 in state income taxes withheld. On April 13, 2018, Joyce paid $ 200 with her 2017 state tax return. During 2018, she had $ 2 comma 100 in state income taxes withheld from her paycheck. Upon filing her 2018 tax return on April 15, 2019, she received a refund of $ 450 for excess state income taxes withheld. Joyce had total AGI in 2018 and 2019 of $ 51 comma 000 and $ 53 comma 500, respectively. In 2018, Joyce also paid $ 10 comma 500 in qualified residence interest. ..(Click the icon to view the standard deduction schedule.). Requirement a. What is the amount of state income taxes Joyce may include as an itemized deduction for 2017? First select the appropriate labels and then calculate the 2017 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.) 2017 itemized deduction for state income taxes STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $24,000 Heads of households 18,000 Unmarried individuals (other than surviving spouses and heads of households) 12,000 Married individuals filing separate returns 12,000 Additional standard deduction for the aged and the blind Individual who is married and surviving spouses 1,300 * Individual who is unmarried and not a surviving spouse 1,600 * Taxpayer claimed as dependent on another taxpayers return: Greater of (1) earned income plus $350 or (2) $1,050. * These amounts are $2,600 and $3,200, respectively, for a taxpayer who is both aged and blind.
Requirement c. What is
JoyceJoyce's
taxable income for
20182018?
(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.)
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Minus: | Deductions from AGI: |
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Taxable income |
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