Question: Ms. Noteboom, a single taxpayer, projects that she will incur about $13,500 of expenses qualifying as itemized deductions in both 2019 and 2020. Assuming that
Ms. Noteboom, a single taxpayer, projects that she will incur about $13,500 of expenses qualifying as itemized deductions in both 2019 and 2020. Assuming that her standard deduction is $12,200 in both years, compute the effect on taxable income for each year if she can shift $2,500 of deductible expenses from 2019 and 2020.
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