AICPA Personal Financial Specialist (PFS) Exam

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A client wants to maximize 2025 itemized deductions before TCJA provisions sunset. Which planning move is most consistent with the bunching strategy?

Make two years of charitable gifts in one tax year to clear the standard deduction in alternating years Spread charitable gifts evenly each year to smooth taxable income Defer all deductions to 2026 to wait for higher tax rates Convert deductible IRA contributions into Roth contributions

Correct Answer:

Make two years of charitable gifts in one tax year to clear the standard deduction in alternating years

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