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Business, 23.10.2021 07:00 arieltaylor3924

Mary filed her 2019 income tax return as a single individual. Her AGI was $70,000. She had $12,900 of itemized deductions including $6,000 for state income taxes. (She deducted no other taxes) In 2020 Mary received a state income tax refund of $500. The standard deduction for single individuals for 2019 was $12,200. How much if any of the $500 refund Mary received in 2020 is includible in her gross income

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