One potential downside of the new tax law, as the author of today’s article points out, is that “The higher standard deduction…might mean that you can’t use some of your regular deductions, like for charity gifts, if they don’t meet the new, higher limit.” All may not be lost, however, as the author turns to a financial planner who outlines a way to get around this aspect of the tax law and save a bunch on taxes: bunching. For more on this strategy – and how to bunch different types of deductions – CLICK HERE.
Save A Bunch Under The New Tax Law By “Bunching”
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