by KYW's Salil Gutt

Every December there's a last minute rush to tax advisors in a last ditch effort to reduce the years income taxes. Here is a surefire way to do just that.

It hinges around bunching tax deductions. Bunching means manipulating your deductions to reduce income come next April 15. Here are some bunching ideas.

Pay your January 2008 mortgage payment this month. This will give you 13 months of mortgage interest as a deduction for this year. If medical deductions are just shy of the amount needed (7.5% of adjusted gross income), consider pre-paying for eyeglasses, dental work and prescriptions.

Bunch two years worth of expenses into one year to avail of the 2% of AGI limit on miscellaneous itemized deductions. Prepay your accountant, investment magazine subscriptions and your safe deposit box rental.

Finally, pay your fourth quarter estimated state income tax and local earned income tax by December 31 rather than the usual due date in mid-January. This will qualify as a legitimate 2007 deduction.