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Federal 26% solar power tax credit and itemized deductions
I have always itemized tax deductions because my charitable contributions were larger than the standard deduction. I have received federal tax refunds after filing. Should I alter my charitable contributions in 2022 to accommodate the 26% federal tax credit for the $16,000 solar panel system I am installing in 2022? That is, should I lessen my other itemized tax deductions in 2022 compared with the past?
‎June 8, 2022
2:11 PM