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Please help me understand if I did this right? Thank you! Judy is a single, cash-method taxpayer. On April 11, 2021, Joyce paid $100 in
Please help me understand if I did this right? Thank you!
Judy is a single, cash-method taxpayer. On April 11, 2021, Joyce paid $100 in state income taxes with her 2020 state income tax return. During 2021, Judy had $1,200 in state income taxes withheld. On April 13, 2022, Judy paid $160 with her 2021 state tax return. During 2022, she had $1,800 in state income taxes withheld from her paycheck. Upon filing her 2022 tax return on April 15, 2023, she received a refund of $300 for excess state income taxes withheld. Judy had total AGI in 2022 and 2023 of $54,000 and $56,000, respectively. In 2022 , Judy also paid $13,300 in qualified residence interest. lew the standard deduction schedule Read the requirements. Requirement a. What is the amount of state income taxes Judy may include as an itemized deduction for 2021? First select the appropriate labels and then calculate the 2021 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.) Requirement b. What is Judy's allowed itemized deduction for state income taxes for 2022? First select the appropriate labels and then calculate the 2022 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.) Requirement c. What is Judy's taxable income for 2022? (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 AGl: Taxable incomeStep by Step Solution
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