Question: Lucia ( 4 0 ) is single. Her 2 0 2 2 federal itemized deductions totaled $ 1 7 , 4 0 0 , of

Lucia (40) is single. Her 2022 federal itemized deductions totaled $17,400, of which she claimed
$1,200 of state income taxes paid in 2022. She filed her tax return on April 14,2023, and on May
1,2023, she received a $1,200 state income tax refund.
How much of her 2022 state income tax refund is taxable on her 2023 federal return?
0 $0
0 $500
0 $1,200
0 $2,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!