Which of the following is a true statement?
A)The standard deduction is increased for taxpayers who are blind or deaf at year-end
B)A married couple is only entitled to one addition to their standard deduction even if both spouses are both over age 65
C)Bunching itemized deductions is a legal method of tax avoidance
D)The standard deduction is subject to a phase-out based on AGI
E)All of these choices are true.

Question

Quizplus · Accepted Answer

Bunching itemized deductions is indeed a legal method of tax avoidance, allowing taxpayers to maximize their deductions in certain years to reduce their taxable income.

Which of the Following Is a True Statement