Brian, a self emploed individual, pays state income tax payments of: $900 on January 15, 2019...
Brian, a self emploed individual, pays state income tax payments of:
$900 on January 15, 2019 (4th estimated tax payment for 2018)
$1000 on April 16, 2019 (1st estimated tax payment in 2019)
$1000 on June 16th, 2019 (2nd estimated tax payment in 2019
$1,000 on September 16 2019 (3rd estimated tax payment in 2019)
$800 on January 15, 2020 (4th estimated tax payment of 2019)
Brian had a tax overpayment of $500 on his 2018 state income tax return and applied this to his 2019 state income taxes. What is the amount of Brian's state income tax itemized deduction for his 2019 Federal income tax return?
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Brian, a self emploed individual, pays state income tax payments
of:
$900 on January 15, 2019...
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Jan is a single, cash-method taxpayer. On April 11 2018,
Joyce paid $140 in state income taxes with her 2017 state income
tax return. During 2018 Jan had $2,000 in state income taxes
withheld. On April 13, 2019, Jan paid $250 with her 2018 state
tax return. During 2019 she had $2,600 in state income taxes
withheld from her paycheck. Upon filing her 2019 tax return on
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Exercise 10-17 (Algorithmic) (LO. 4) Pierre, a cash basis, unmarried taxpayer, had $5,150 of state income...
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Pierre, a cash basis, unmarried taxpayer, had $4,670 of state income tax withheld during 2019. Also in 2019, Pierre paid $1,168 that was due when he filed his 2018 state income tax return and made estimated payments of $3,269 towards his 2019 state income tax liability. When Pierre files his 2019 Federal income tax return in April 2020, he elects to itemize deductions, which amount to $15,650, including the state income tax payments and withholdings, all of which reduce his...
Jan is a single, cash-method taxpayer. On April 11 2018,
Joyce paid $140 in state income taxes with her 2017 state income
tax return. During 2018 Jan had $2,000 in state income taxes
withheld. On April 13, 2019, Jan paid $250 with her 2018 state
tax return. During 2019 she had $2,600 in state income taxes
withheld from her paycheck. Upon filing her 2019 tax return on
April 15, 2020 she received a refund of $350 for excess state
income...
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