In 2017, Tomas, a single taxpayer, had $ $3,750 in state tax withheld from his paycheck. He
Question:
In 2017, Tomas, a single taxpayer, had $ $3,750 in state tax withheld from his paycheck. He properly deducted that amount on his 2017 tax return as an itemized deduction that he qualified for, thus reducing his tax liability. After filing his 2017 tax return, Tomas discovered that he had overpaid his state tax by $417. He received his refund in July 2018. What must Tomas do with the $417 refund? Explain your answer.
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When Tomas files his 2018 federal return the 417 would be incl...View the full answer
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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