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Louis files as a single taxpayer. In April of this year he received a $1,100 refund of state income taxes that he paid last year.
Louis files as a single taxpayer. In April of this year he received a $1,100 refund of state income taxes that he paid last year.
How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,550.
Note: Leave no answer blank. Enter zero if applicable.
Required:
- Last year Louis claimed itemized deductions of $13,000. Louis's itemized deductions included state income taxes paid of $1,950 and no other state or local taxes.
- Last year Louis had itemized deductions of $11,000 and he chose to claim the standard deduction. Louis's itemized deductions included state income taxes paid of $1,950 and no other state or local taxes.
- Last year Louis claimed itemized deductions of $14,190. Louis's itemized deductions included state income taxes paid of $2,950 and no other state or local taxes.
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