Why defer your income into 2012 this year?
• Deferring income into 2012 is an especially good idea for taxpayers who anticipate being in a lower tax bracket next year, generally because of much-reduced income or much-increased deductible expenses. You many consider deferring the sale of investments, receiving bonuses or exercising stock options.
• It may pay to accelerate income into 2011 if you think your marginal tax rate will be much lower this year than it will be next year.