Question: Ms. NM, a single taxpayer, projects that she will incur about $7,000 of expenses qualifying as itemized deductions in both 2015 and 2016. Assuming that

Ms. NM, a single taxpayer, projects that she will incur about $7,000 of expenses qualifying as itemized deductions in both 2015 and 2016. Assuming that her standard deduction is $6,300 in both years, compute the effect on taxable income for each year if she can shift $2,500 of deductible expenses from 2015 and 2016.

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