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RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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Brad, who uses the cash method of accounting, lives in a state

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Brad, who uses the cash method of accounting, lives in a state that imposes an income tax (including withholding from wages). On April 14, 2009, he files his state return for 2008, paying an additional $600 in state income taxes. During 2009, his withholdings for state income tax purposes amount to $3,550. On April 13, 2010, he files his state return for 2009 claiming a refund of $800. Brad receives the refund on August 3, 2010. If he itemizes deductions, how much may Brad claim as a deduction for state income taxes on his Federal income tax return for calendar year 2009 (filed in April 2010)?

1. $5,150.

2. $3,350.

3. $3,550.

4. $4,150.

5. None of the above.

Pleae explain your answer.
Deduction is available for taxes paid.

Taxes paid in 2009 will be $600+$3550 which is $4150.

4. $4,150

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