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The definitive guide to all income-tax deductions and credits for the everyday taxpayerMillions of Americans overpay their taxes by billions of dollars every year. J.K. Lasser's 1001 Deductions and Tax Breaks 2022: Your Complete Guide to Everything Deductible provides an invaluable tool by thoroughly explaining and keeping track of the constantly advancing tax law code for the ordinary taxpaying Americans. The fifth edition of this popular book has been fully updated to reflect the latest rulings and laws, allowing the reader to easily refer to the appropriate deductions for their particular needs.This guidebook answers the most common tax questions regarding deductions and credit in a clear, and easy-to-follow guide. It provides readers with:* Answers to the most common tax questions regarding deductions and credit* Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements* An e-supplement with the latest tax developments from the IRS and Congress* Information regarding the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA)Ideal for taxpayers and tax professionals, 1001 Deductions and Tax Breaks, 2022 helps the American taxpayer claim what is rightfully yours and keep more of your hard-earned money.
List of contents
Introduction vii1. You and Your Family 12. Medical Expenses 293. Education Costs 804. Your Home 1145. Retirement Savings 1506. Charitable Giving 1917. Your Car 2208. Investing 2339. Travel 26510. Real Estate 28611. Borrowing and Interest 31612. Insurance and Catastrophes 33013. Your Job 34814. Your Business 36815. Miscellaneous Items 398Appendix A. Items Adjusted Annually for Inflation 422Appendix B. Checklist of Tax-Free Items 428Appendix C. Checklist of Nondeductible Items 432Index 439
About the author
BARBARA WELTMAN is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser's Small Business Taxes. She is also the publisher of Idea of the Day(r), is quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Consumer Reports), and is an award-winning blogger. Visit her at www.BigIdeasForSmallBusiness.com.
Summary
The definitive guide to all income-tax deductions and credits for the everyday taxpayer
Millions of Americans overpay their taxes by billions of dollars every year. J.K. Lasser's 1001 Deductions and Tax Breaks 2022: Your Complete Guide to Everything Deductible provides an invaluable tool by thoroughly explaining and keeping track of the constantly advancing tax law code for the ordinary taxpaying Americans. The fifth edition of this popular book has been fully updated to reflect the latest rulings and laws, allowing the reader to easily refer to the appropriate deductions for their particular needs.
This guidebook answers the most common tax questions regarding deductions and credit in a clear, and easy-to-follow guide. It provides readers with:
* Answers to the most common tax questions regarding deductions and credit
* Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements
* An e-supplement with the latest tax developments from the IRS and Congress
* Information regarding the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA)
Ideal for taxpayers and tax professionals, 1001 Deductions and Tax Breaks, 2022 helps the American taxpayer claim what is rightfully yours and keep more of your hard-earned money.
