Accountant-Man
Level 13
03-08-2024
04:39 PM
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This line is wrong:
<<Therefore, all in all, I had $18,076 in charitable deductions.>>
(Maybe 18076 in itemized?)
The refund worksheet will calculate that only X% of the income taxes paid were really deducted (10000 / 10453 = 95.6%) and since 8536 /10453 was the income tax piece of the total, x 95.6% was deducted, depending on the Std Deduction for your TP, only 81.67% X 95.6% of the $691 refund is taxable income.
I think?
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