bunch

bunch definition - business

bunch

To concentrate income or deductions within a tax year. For example, an individual may decide to itemize deductions every other year by bunching deductible expenses within the year. A taxpayer who bunches deductions uses the standard deduction in alternate years.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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