J.K. Lasser's 1001 Deductions and Tax Breaks 2015 Your Complete Guide to Everything Deductible

Author: Barbara Weltman
Publisher: John Wiley & Sons
ISBN: 9781118922040
Published In: October 2014
Format: Paperback , 464 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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The must-have guide to tax write-offs, with clear advice from a trusted expert

J.K. Lasser's 1001 Deductions and Tax Breaks 2015 answers the most common tax question—"what can I deduct?" Updated and expanded for 2014 tax filing and 2015 tax planning, this straightforward guide uses plain English to explain the many available deductions and credits, allowing you to quickly recognize ways to reduce what you owe and maximize your returns. By stripping away all the rules and strategies that don't apply to the individual taxpayer, this book presents a clear, concise reference that can streamline the filing process. You'll find the qualification guidelines for each individual deduction or credit, plus expert instruction on how to actually take those deductions and credits that fit your particular situation.

Every year, millions of Americans overpay their taxes by billions of dollars, collectively. Why? Because tax laws are confusing, and the threat of an audit makes taxpayers so afraid of errors that they fail to take even perfectly legal write-offs. 1001 Deductions and Tax Breaks puts a stop to the confusion and fear, providing trusted, expert guidance toward filing correctly, on time, without leaving money on the table.

Learn how your family, your home, your car, and your job or business can lower your tax bill
Factor in educational costs, medical expenses, travel, and entertainment
Understand which items are nondeductible and which are tax-free
Develop a strategy for handling savings, investments, interest, charitable giving, and more

A topic as fundamental and universal as deductions and credits merits a clear, in-depth guide catering to the average individual taxpayer, without irrelevant information or chapter upon chapter of incomprehensible legalese. J.K. Lasser's 1001 Deductions and Tax Breaks 2015 is the guide you've been searching for, with clear, concise, practical instruction on paying what you owe, and not a cent more.

Introduction v

1. You and Your Family 1

2. Medical Expenses 29

3. Education Costs 67

4. Your Home 101

5. Retirement Savings 139

6. Charitable Giving 172

7. Your Car 199

8. Investing 216

9. Travel 253

10. Entertainment 274

11. Real Estate 292

12. Borrowing and Interest 316

13. Insurance and Catastrophes 330

14. Your Job 348

15. Your Business 379

16. Miscellaneous Items 408

Appendix A. Items Adjusted Annually for Inflation 433

Appendix B. Checklist of Tax-Free Items 436

Appendix C. Checklist of Nondeductible Items 440

Index 445

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^®, a guest columnist for WSJ.com and U.S. News & World Report, is quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Money magazine), and hosts a monthly radio show.