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Deductions & credits
The numbers don't always add up the same. For example, the state and local taxes paid, regardless of the amount paid, the deduction is $10,000. Then, there is the AMT that kicks in based on your income that can change the allowed deduction. You must have one or both of these changing your information. For the AMT, you will have a form 6251 in your return showing the changes.
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March 19, 2021
11:52 AM