This year Bill received a $900 refund of state income taxes that he overpaid last year. He

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This year Bill received a $900 refund of state income taxes that he overpaid last year. He paid SALT $9,000 in last year. Last year Bill claimed standard deductions of $12,400 (he had $11,200 itemized deduction that was smaller than standard deduction). How much of the refund, if any, must Bill include in gross income?

A. $0

B. $450

C. $650

D. $900

Posted Date: Jun 01, 2024 04:07 AM

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This year Bill received a $900 refund of state income taxes that he overpaid last year. He

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