For 2020 Taxes , there are some key items to consider involving credits, deductions and refunds:-

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Recovery Rebate Credit/Economic Impact Payment: 

If you received an Economic Impact Payment, you should keep Notice 1444, Your Economic Impact Payment, with your 2020 tax records. You might be eligible to claim the Recovery Rebate Credit on your tax year 2020 federal income tax return if:

• You didn't receive an Economic Impact Payment, or 

• You Economic Impact Payment was less than $1,200 ($2,400 if married filing jointly for 2019 or 2018), plus $500 for each qualifying child they had in 2020.

For those who  didn't receive the full amount of the Economic Impact Payment for which they were eligible, they may be able to claim the Recovery Rebate Credit when they file in 2021. Individuals do not need to complete information about the Recovery Rebate Credit on tax year 2020 Form 1040 or 1040-SR when filing in 2021, unless eligible to claim an additional credit amount.

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Interest on refunds taxable. 

Taxpayers who received a federal tax refund in 2020 may have been paid interest. Refund interest payments are taxable and must be reported on federal income tax returns. In January 2021, the IRS will send Form 1099-INT to anyone who received interest totaling $10 or more.

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Charitable deduction changes:- 

Taxpayers who don't itemize deductions may take a charitable deduction of up to $300 for cash contributions made in 2020 to qualifying organizations. 

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