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    Maximizing the Benefits of Itemized Deductions

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    Discuss some tax planning strategies that can maximize the benefit of itemized deductions.

    © BrainMass Inc. brainmass.com October 10, 2019, 7:12 am ad1c9bdddf
    https://brainmass.com/business/accounting/maximizing-benefits-itemized-deductions-572175

    Solution Preview

    There are a few different strategies that can be utilized to maximize itemized deductions. One of the main strategies is to keep accurate, running records throughout the year. This makes tax planning easier when it is time to file income taxes. The amount and types of medical expenses, number of medical miles driven, total amounts paid for ...

    Solution Summary

    This solution discusses tax planning strategies for maximizing itemized deductions, and explanations of all strategies mentioned.

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