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 the choices are true.

Question

Quizplus · Accepted Answer

Bunching itemized deductions is a legal method of tax avoidance, where taxpayers time their deductible expenses to maximize their tax benefits in a particular year.

Which of the Following Is a True Statement