Grace deducted 2400 of state income taxes on her tax return, Ask an Expert

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Grace deducted $2,400 of state income taxes on her tax return last year. This year she received a state income tax refund of $170. What amount of the refund, if any, should Grace include in her gross income if last year her total itemized deductions exceeded the standard deduction by $350?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950339

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