Sam, a Single Individual, Took an Itemized Deduction of $5,500

question 2

True/False

Sam, a single individual, took an itemized deduction of $5,500 for state income tax paid in 2019.His total itemized deductions in 2019 were $18,000 and did not include any other state or local taxes.In 2020, he received a $900 refund of his 2019 state income tax.Sam must include the $900 refund in his 2020 Federal gross income in accordance with the tax benefit rule.

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Definitions:

Internal Debate And Infighting

Situations within organizations or groups where members engage in conflicts or disagreements, often hindering collective goals.

Women's March

A global protest and movement advocating for women's rights, equality, and justice, typically marked by coordinated marches and demonstrations.

Grassroots Organization

Community-based groups that aim to bring about social, political, or environmental changes from the bottom up, relying on the active participation of its members.

501(c)(3) Nonprofit

A classification by the IRS for non-profit organizations that are exempt from federal income tax, typically charitable, religious, educational, or scientific organizations.