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Deductions & credits
Though, something sounds fishy.
A $6166 drop for a $4800 donation seems a bit much, unless there was some underpayment penalty involved before vs after....or maybe it brought max income down to be eligible for some credit based on "Taxable" income and not AGI (most are based on AGI, or MAGI....before itemized deductions are applied)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎July 12, 2020
8:44 AM