Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year. Tim paid $1.200 with his state income tax return for the previous year. During the year, Tim had $5,300 of state income tax and $18.600 of federal income tax withheld from his salary. In addition, Tim made estimated payments of $1.240 and $2,000 of state and federal income taxes, respectively. Finally. Tim expects to receive a refund of $490 for state income taxes when he files his state tax return for this year in April next year. What is the amount of taxes that Tim can deduct as an itemized deduction? Deductible taxes