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Deductions & credits
Possibly, in a round about way. Individuals that take the standard deduction in 2020 but made $300 in cash contributions are allowed an adjustment to income of $300. So, you could imply the $300 contribution adjustment plus the $24,800 standard deduction has raise the standard deduction to $25,100, assuming you made at least $300 in cash contributions in 2020.
‎February 23, 2021
5:40 PM