Posts Tagged ‘itemized deductions’
Day 2 – Batch Your Itemized Deductions
The goal of batching is to position yourself so that you will have deductions greater than the standard deduction one year, with the following year being a standard deduction. Click…
Read MorePlan Now, Save Later! (Part 1)
If you project that your total itemizable deductions for 2019 will be close to exceeding your applicable standard deduction amount, you should consider batching.
Read MoreReduce Your Taxes with Miscellaneous Taxes
If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses, which might reduce your federal income tax. Examples include employee expenses and fees…
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