Newt is a single taxpayer living in Hollywood, California, with adjusted gross income for the 2014 tax year of $43,050. Newt's employer withheld $3,700 in state income tax from his salary. In April of 2014, he paid $300 in additional state taxes for his prior year's return. The real estate taxes on his home are $1,800 for 2014 and his personal property tax based on the value of his automobile is $75. Also, he paid $210 for state gasoline taxes for the year.

Assuming he elects to deduct state and local income taxes, how much should Newt deduct on Schedule A of Form 1040 of his 2014 tax return for taxes paid?

Question

Newt is a single taxpayer living in Hollywood, California, with adjusted gross income for the 2014 tax year of $43,050. Newt's employer withheld $3,700 in state income tax from his salary. In April of 2014, he paid $300 in additional state taxes for his prior year's return. The real estate taxes on his home are $1,800 for 2014 and his personal property tax based on the value of his automobile is $75. Also, he paid $210 for state gasoline taxes for the year.
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Assuming he elects to deduct state and local income taxes, how much should Newt deduct on Schedule A of Form 1040 of his 2014 tax return for taxes paid?

Quizplus · Accepted Answer

The Answer of Newt is a single taxpayer living in Hollywood, California, with adjusted gross income for the 2014 tax year of $43,050. Newt's employer withheld $3,700 in state income tax from his salary. In April of 2014, he paid $300 in additional state taxes for his prior year's return. The real estate taxes on his home are $1,800 for 2014 and his personal property tax based on the value of his automobile is $75. Also, he paid $210 for state gasoline taxes for the year.
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Assuming he elects to deduct state and local income taxes, how much should Newt deduct on Schedule A of Form 1040 of his 2014 tax return for taxes paid?

Newt Is a Single Taxpayer Living in Hollywood, California, with Adjusted