TCP — Quick Sheet
Individual Tax Planning Strategies
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One-minute revision
- Income deferral / deduction acceleration: shift based on expected bracket changes
- Bunching: concentrate itemized deductions in alternating years to beat the standard deduction periodically
- Long-term capital gains/qualified dividends taxed at preferential rates — holding period planning matters
- Avoidance (legal) vs. evasion (illegal) is a distinct, testable ethical line