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Deductions & credits
Do you have an irs citation for this. I have a US Department of Energy pamphlet suggesting you reduce it for utility rebates but not for state rebates. It then goes on to say you don't reduce it for State tax credits because the state credit reduces your federal income But, this is only in the case of itemized deductions. If you take the standard deduction, seems like you are out of luck. Thoughts?
ā€ˇFebruary 16, 2021
11:00 AM