If a taxpayer expects to be in a lower tax bracket the next year,he or she would benefit by defering income to the later year.

Name: If a taxpayer expects to be in a lower tax bracket the next year,he or she would benefit by defering income to the later year.
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Deferring income to a later year can be beneficial if the taxpayer expects to be in a lower tax bracket in that year, as they will pay less in taxes on that income.

If a Taxpayer Expects to Be in a Lower Tax