What makes the refund of state taxes taxable on the federal tax return? a. moving to Texas before your refund gets sent to you b. paying state taxes the year before and getting a refund c. claiming taxes as an itemized deduction and using standard deduction d. claiming taxes as an itemized deduction and itemizing

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter4: Managing Income Taxes
Section: Chapter Questions
Problem 1DTM
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What makes the refund of state taxes taxable on the federal tax return?
a. moving to Texas before your refund gets sent to you
b. paying state taxes the year before and getting a refund
c. claiming taxes as an itemized deduction and using standard deduction
d. claiming taxes as an itemized deduction and itemizing
Transcribed Image Text:What makes the refund of state taxes taxable on the federal tax return? a. moving to Texas before your refund gets sent to you b. paying state taxes the year before and getting a refund c. claiming taxes as an itemized deduction and using standard deduction d. claiming taxes as an itemized deduction and itemizing
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