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I’ve heard CPAs talk about bunching my deductions. What is it and how does it work?

April 26, 2017bunching CPAs deductions heard I’ve talk

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I’ve heard CPAs talk about bunching my deductions. What is it and how does it work?

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If you tallied all qualified expenses and came up short for 2008, don’t assume you can’t itemize in future years. Consider alternating between taking the standard deduction one year and “bunching” deductible expenses into the year you itemize. Bunching refers to the process of timing your expenses so that they are higher in one year and lower the following.