Controlling timing of your itemized deductions

Some itemized deductions, like medical expenses deductions (or miscellaneous itemized deductions) can only be deductible to the extent they exceed 10% (or 2%) of taxpayers’ adjusted gross income (AGI). Taxpayers can either make deductible expenditure in years which they have lower AGI, or combine the deductible expenses in one year to get more tax deduction.


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