Nickerson Corporation began operations in 2016. There have been no permanent or temporary differences to account for since the inception of the business.
The following data are available:

Year 2016 2017 2018 2019
Enacted Tax Rate 45% 40% 35% 30%
Taxable Income $2,000,000 2,400,000
Taxes Paid $900,000 960,000

In 2018, Nickerson had an operating loss of $2,480,000.
What amount of income tax benefits should be reported on the 2018 income statement due to this loss assuming that it uses the carryback provision?