The deduction rises to $1,000, or $2,000 on a joint return
What the document says“Section 170(p) is amended-- (1) by striking "$300 ($600" and inserting "$1,000 ($2,000", and”
The section strikes the figures $300 and $600 in section 170(p) of the Internal Revenue Code of 1986 and inserts $1,000 and $2,000, and strikes the words beginning in 2021.
What the document actually says“Section 170(p) is amended-- (1) by striking "$300 ($600" and inserting "$1,000 ($2,000", and”
That sentence, in plain words
The figures $300 and $600 are taken out. The figures $1,000 and $2,000 are put in.
What this is about
The larger figure is for a joint return. Words tying the rule to 2021 are also struck. So the deduction carries on.
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