Taxpayers whose deductions total close to the standard amount can try to bunch deductible expenses into one year. They can itemize in the year into which they shift deductible expenses and take the standard deduction in the year from which the expenses are shifted. It might work in your favor to pay real estate taxes in January for the current year, and again in December for next year. Similarly do the same with health insurance premiums. This strategy might take you above the standard deduction threshold and make it worthwhile to itemize every other year. Please contact us if you have any questions.
