The taxpayer was in the 35% marginal tax bracket in 2018 and deducted $15,000 in state income taxes as an itemized deduction that year.In 2019, he filed his 2018 state income tax return and received a $5,000 refund of state income taxes paid in 2018.His marginal tax rate in 2019 was 12%.What was the taxpayer's Federal tax benefit from the overpayment of his 2018 state income tax?

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The Answer of The taxpayer was in the 35% marginal tax bracket in 2018 and deducted $15,000 in state income taxes as an itemized deduction that year.In 2019, he filed his 2018 state income tax return and received a $5,000 refund of state income taxes paid in 2018.His marginal tax rate in 2019 was 12%.What was the taxpayer's Federal tax benefit from the overpayment of his 2018 state income tax?

The Taxpayer Was in the 35% Marginal Tax Bracket in 2018