28. In 2011, Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income

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28. In 2011, Rebecca and Gregory, a married couple filing a joint return, reported adjusted gross income of $70,000 and total allowable itemized deductions of $12,000, which included state income taxes paid of $3,100.

They received a $900 refund of state income taxes in April 2012. How much of the state income tax refund must they include in income and in which year do they include it?

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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