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Deductions & credits
READ line 10a. What does it say?
the limit is $300 and to get the $300 on line 10a you can't itemize. With $50,000 in charity, your itemized is going to be more than your standard deduction so line 10a will be blank.
it may not matter much. for Federal you'll pay taxes on the $30K. some states allow itemized deductions others do not.
November 30, 2021
12:41 PM