Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site mhuxj.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxl!mhuxj!presley From: presley@mhuxj.UUCP (Joe Presley) Newsgroups: net.taxes Subject: Re: More on state income tax Message-ID: <1227@mhuxj.UUCP> Date: Mon, 5-Mar-84 22:19:00 EST Article-I.D.: mhuxj.1227 Posted: Mon Mar 5 22:19:00 1984 Date-Received: Tue, 6-Mar-84 04:16:00 EST References: <696@eisx.UUCP> pyuxa.587 <1091@utah-gr.UUCP> Organization: AT&T Bell Laboratories, Murray Hill Lines: 11 The IRS documents say you deduct the state taxes WITHHELD from your pay in 1983, not what you figure you really owed. Any state income tax refund you get is counted as income for 1984 if you deducted this year. (You didn't get the money until 1984, did you?) If owe the state any, then deduct the extra in the 1985 return. The extra deduction could put you into a lower tax bracket. Unfortunately, you could be in a higher bracket come next year. -- Joe Presley (mhuxj!presley, ihnp4!j.presley)