TAX HOMEWORK HELP

1. What is the rationale for trying bunch your itemized deductions in one year and then try to minimize them in the following year?

2. Amy has $150,000 of qualified student loans and pays $3,000 of interest expense. Amy has no other itemized deductions, so she will take the standard deduction. How much, if any interest expense will Amy be able to deduct on her tax return. Amy is single and had adjusted gross income of $45,000.