Danielle, one of your tax clients, has reached out regarding her itemized deductions. She pays on average $4,000 in property taxes on her personal residence per year and contributes $5,000 to her favorite Sec. 501(c)(3) charitable organizations per year. Danielle realized that with the new increased standard deduction amount she will not be able to itemize on her 2019 return. She is frustrated that she will not be receiving any tax benefit from her expenditures. What advice would you give Danielle moving forward? How can she receive a tax benefit from her expenditures?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.