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Taxpayer T paid state and local taxes of $14000 in 2019. T claimed a total itemized deduction of $16000 in her 2019 federal income tax
Taxpayer T paid state and local taxes of $14000 in 2019. T claimed a total itemized deduction of $16000 in her 2019 federal income tax return. In 2020 (2019 standard deduction is $12200), T received a $1500 state income tax refund due to T overpayment of state income tax in 2019. How much T has to include in her taxable income from the state income tax refund?
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