Can I claim a student loan interest deduction AND a cash charitable deduction if I do not itemize? Yes, I did input the donation amounts ($215), and my SL amount ($540).

lizteoli · ‎February 7, 2021

Form 1040 Line 10a has $540 entered. The unlabelled box below has $215 entered, and box 10b also has $215 entered. This is giving box 10c a total of $755

DanaB27 · ‎February 7, 2021

Yes, the student loan interest deduction and the cash contribution (up to $300) is an adjustment to income on your 2020 tax return and you can claim them even if you are not itemizing (you are using the Standard Deduction).

It looks like you entered everything correctly with the student interest and the cash contribution.

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Can I claim a student loan interest deduction AND a cash charitable deduction if I do not itemize? Yes, I did input the donation amounts ($215), and my SL amount ($540).