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Deductions & credits
Thank you! So yes for 2020, if I pay the lumpsum then it will trigger itemized deductions for this year, without paying the interest this year, it will keep me below the standard deduction limit. Based on the math I could lump sum the 20ish k or defer and pay an additional couple grand in taxes for 2020.
‎November 8, 2020
9:36 AM