After downloading update after it said update available for camera raw in photoshop, nothing changed! Still have version 12 for photoshop elements 2020
If you want to install camera raw 14.5 for use with pse 2020 follow these instructions:
You can skip the part about downloading the camera raw installer, since you already have camera raw 14.5 in the CC>File Formats folder.
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You should only bother to update Elements to ACR 14.5 if you have a camera that requires it. I seriously doubt whether there will be any other advantage to using it in Elements 2020.