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Ms. NM, a single taxpayer, projects that she will incur $6200 of expenses qualifying for itemized deductions in both 2014 and 2015. Assuming that her
Ms. NM, a single taxpayer, projects that she will incur $6200 of expenses qualifying for itemized deductions in both 2014 and 2015. Assuming that her standard deduction is $6200 in both years, compute the effect on taxable income for each year if she can shift $2500 of expenses from 2014 to 2015.
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