Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Myrna and Geoffrey filed a joint tax return in 2020. Their AGI was $104,825, and itemized deductions were $26,600, which included $6,650 in state income
Myrna and Geoffrey filed a joint tax return in 2020. Their AGI was $104,825, and itemized deductions were $26,600, which included $6,650 in state income tax and no other state or local taxes. In 2021, they received a $5,320 refund of the state income taxes that they paid in 2020. The standard deduction for married filing jointly in 2020 was $24,800.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started