The IRS Deductions Blog

Posts Tagged ‘2009 federal tax itemized deductions’

Question: Frank is a resident of a state that imposes a tax on income. The following information pertaining to Frank’s?

state income taxes is available:
State income taxes withheld in 2009$3,000
Refund received in 2009 of 2008tax300
Assessment paid in 2009 of 2006 tax800

Assuming he elects to deduct state and local income taxes, what amount should Weber use as state and local income taxes in calculating Itemized Deductions for his 2009 Federal income tax return?
a.$2,700
b.$3,000
c.$3,500
d.$3,800
e.None of the above
Would the correct answer be (b).

Answer: The answer is d. He can use the 2009 state income taxes they withheld of $3000 as an itemized deduction, and he can take the $800 he paid for 2006 state taxes as an itemized deduction also!
the $300 state refund he got for 2008 has to be reported as income, on other income!

Items on Amazon Right Now for 2009 Federal Tax Itemized Deductions:

Jackson Hewitt® Shares Tax Tips on Preparing for Hurricanes, Tornados and Other Severe Weather

According to The Federal Emergency Management Agency , there have already been 49 disasters declared thus far in 2010,* with several months still remaining in the year.  With annual hurricane, wildfire and tornado seasons underway and flood season just beginning, Jackson Hewitt Tax Service® shares tips for taxpayers living in areas prone to severe weather â to help them understand what steps …

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