In 2016 denise had 10380 in taxes she could deduct 6700, Ask an Expert

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In 2016, Denise had $10,380 in taxes she could deduct: $6,700 withholding of state income tax $2,700 real estate taxes $980 property taxes Last year (2015), Denise her itemized deductions exceeded the standard deduction by $500. This year (2016) Denise got a state tax refund of $420. She elected to have the state keep the refund and apply it to her 2016 taxes. Will Denise be able to itemize her deductions this year? What is the total for taxes that Denise can use as an itemized deduction on her 2016 return?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92049957

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