Instructions For Form 1040 - Draft Worksheet(S) And Tables - 2008 Page 3
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42State and Local Income Tax Refund Worksheet—Line 10
Keep for Your Records
Before you begin:
Be sure you have read the Exception above to see if you can use this worksheet instead of
Pub. 525 to figure if any of your refund is taxable.
1. Enter the income tax refund from Form(s) 1099-G (or similar statement). But do not enter more than
the amount of your state and local income taxes shown on your 2007 Schedule A, line 5 . . . . . . . . . . . 1.
2. Enter your total allowable itemized deductions from your 2007 Schedule A, line 29
2.
Note.
If the filing status on your 2007 Form 1040 was married filing separately and
your spouse itemized deductions in 2007, skip lines 3, 4, and 5, and enter the amount
from line 2 on line 6.
3. Enter the amount shown below for the filing status claimed on your
2007 Form 1040.
•
Single or married filing separately — $5,350
}
•
Married filing jointly or qualifying widow(er) —
$10,700
. . 3.
•
Head of household — $7,850
4. Did you fill in line 39a on your 2007 Form 1040?
}
No. Enter -0-.
Yes. Multiply the number in the box on line 39a of your
2007 Form 1040 by $1,050 ($1,300 if your 2007 filing
status was single or head of household).
4.
5. Add lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
6. Is the amount on line 5 less than the amount on line 2?
No.
None of your refund is taxable.
STOP
Yes. Subtract line 5 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
7. Taxable part of your refund. Enter the smaller of line 1 or line 6 here and on Form 1040, line 10 . . . 7.
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