Taxpayers who were previously able to lower their tax bills by itemizing may want to consider using a “bunching” strategy, which generally means either accelerating or deferring deductible expenses so that more of these expenses fall in a single tax year rather than in multiple tax years.
Read MoreIn November of 2015, Congress surprised many of us with effective collaboration between the Democrats and Republicans to pass the Bipartisan Budget Act of 2015.
Read More"What are rental real estate passive activity losses and how do they affect me?" This requires a short jaunt into the cloudy world of "Passive activity losses."
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