J.K. Lasser's 1001 Deductions and Tax Breaks 2008: Your Complete Guide to Everything Deductible
This comprehensive guide is clearly organized by subject matter so you can easily find situations that may apply to you. Each tax benefit is also clearly explained--along with the eligibility requirements for claiming the benefit--while planning tips and common pitfalls associated with the benefit in question are discussed in detail. New tax law alerts are also included throughout the book, so you can make the most informed decisions possible.
With this book as your guide, you'll find deductions and tax breaks with regard to:
You and your family
Your home and car
Your job or business
Your investments and retirement savings
Medical and dental expenses
Health savings accounts
Your charitable giving
Casualty and theft losses
Packed with hundreds of updated deductions and credits, practical advice, and real-world examples, J.K. Lasser's 1001 Deductions & Tax Breaks 2008 is a book every taxpayer should own.
Don't forget to view the online supplement to this book for up-to-the-minute tax law changes.
1. You and Your Family.
2. Medical Expenses.
3. Education Costs.
4. Your Home.
5. Retirement Savings.
6. Charitable Giving.
7. Your Car.
11. Real Estate.
12. Borrowing and Interest.
13. Insurance and Catastrophes.
14. Your Job.
15. Your Business.
16. Miscellaneous Items.
Appendix A. Items Adjusted Annually for Inflation.
Appendix B. Checklist of Nondeductible Items.
In Small Business Taxes, Part 1 covers business forms and the effect a business's choice of form has on tax obligations as well as instructs on record-keeping requirements to ensure eligibility for deductions and credits. Part 2 discusses the reporting of business income; Part 3 is a primer on deductions; and Part 4 addresses strategic planning (e.g., how to avoid common mistakes when claiming deductions).
Each book has been revised to reflect changes in the tax law, and there is also an online updating service through the J.K. Lasser web site (www.jklasser.com). Both editions' use of everyday examples, illustrative charts, and checklists helps make complex rules accessible. Recommended for public libraries. (Library Journal, February 1, 2008)