Discuss some tax planning strategies that can maximize the benefit of itemized deductions. You should list at least one strategy for each of the following categories:

• Medical Expenses
• Charitable Contributions
• Interest on Mortgage Indebtedness 

Tax planning strategies that can maximize the benefit of itemized deductions

• Medical Expenses thus taxpayers who incur qualified out-of-pocket medical and and the dental expenses that are not covered by insurance can deduct expenses that exceed 7.5% of their adjusted gross incomes and thus Strategy of a bundle medical expenses to maximize itemized tax deductions thus bunching deductions can maximize the value got out of them this is specifically in categories where individuals have to cross a minimum threshold like for the case If you have medical expenses every year that equal 7% of annual gross income then there is possibility that you will not get to itemize those deductions but for this case , if you can push any of those regular expenses into the following year, you may have more than 10% of your the annual gross income in expenses in one year and in this scenario, a portion of those expenses may become deductible.
• Charitable Contributions thus in any donation made to a qualified charity is deductible within certain limitations and thus a Strategy is that you choose the right organization this in order for your donation to be deductible and thus it must go to a nonprofit group that is approved by the internal revenue service thus these organizations can be charitable, religious or educational organizations
• Interest on Mortgage Indebtedness thus individual owners of the house can claim deduction of the interest that they pay on their mortgages and some home-equity debt and thus the Strategy is that to maximize the interest expense deduction as one should pay careful attention to both the timing and amount of your outstanding debt and thus tax payers who find their interest deduction is being limited, may benefit from a review of their loans to see if it is possible to restructure their debt and thus also  consideration should also be given to the interest tracing rules.