Question: Pierre, a cash basis, unmarried taxpayer, had $1,400 of state income tax withheld during 2022. Also in 2022, Pierre paid $455 that was due when

Pierre, a cash basis, unmarried taxpayer, had $1,400 of state income tax withheld during 2022. Also in 2022, Pierre paid $455 that was due when he filed his 2021 state income tax return and made estimated payments of $975 toward his 2022 state income tax liability. When Pierre files his 2022 Federal income tax return in April 2023, he elects to itemize deductions, which amount to $15,650, including the state income tax payments and withholdings, all of which reduce his taxable income.

a. What is Pierre’s 2022 state income tax deduction?

b. As a result of overpaying his 2022 state income tax, Pierre receives a refund of $630 early in 2023. The standard deduction for single taxpayers for 2022 was $12,950. How much of the $630 will Pierre include in his 2023 gross income?

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South Western Federal Taxation 2023 Comprehensive Volume 46th Edition by Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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