Now’s the time to start thinking about “bunching” — miscellaneous itemized deductions, that is

08_23_16-101359492_ITB_560x292.jpgMany expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into a single year may allow you to exceed this “floor.” So now is a good time to add up your potential deductions to date to see if bunching is a smart strategy for you this year.