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Deductions & credits
This year, there is a special $300 charity deduction you take with the standard deduction. So, if your standard deduction is $12,400 and your itemized is $12,500 this year, it is actually smarter to go with standard deduction plus $300 charity for $12,700 total deductions. That is why you are getting that small range of charity and change.
The program is giving you the best deal, standard plus $300.
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‎February 25, 2021
2:25 PM