J.K. Lasser's 1001 Deductions and Tax Breaks 2024

Save money--legally--on your 2023-24 taxes with simple, expert advice from a trusted source

In the newest edition of J.K. Lasser's 1001 Deductions and Tax Breaks 2024: Your Complete Guide to Everything Deductible, expert small business tax lawyer Barbara Weltman walks you through every relevant tax deduction and credit you're entitled to claim on your 2023 tax return as well as new breaks for 2024. You'll find countless money-saving opportunities and ensure you don't overpay on your taxes, giving Uncle Sam exactly what you're legally required to give him--and not a penny more!

You'll also find:

• A complimentary new e-supplement containing the latest developments from the Internal Revenue Service (IRS) and Congress
• Step-by-step instructions on how to claim every deduction that applies to you, complete with record-keeping requirements and dollar limits
• The latest tax rulings, laws, and cases that impact your 2023-24 tax return

Perfect for every individual taxpayer who has ever wondered, "Can I claim X?", J.K. Lasser's 1001 Deductions and Tax Breaks is a straightforward and accurate roadmap to saving money on your taxes and simplifying the completion of your tax return.

Auteur

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®, 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.

Texte du rabat

A straightforward guide to taking tax breaks and deductions on your 2023 tax return Completely revised to reflect important changes in recent tax laws (including the INFLATION REDUCTION ACT and Secure Act 2.0), J.K. Lasser's 1001 Deductions & Tax Breaks 2024 will help you take advantage of every tax break and deduction to which you may be entitled. This comprehensive guide is clearly organized by subject matter so you can easily find situations that may apply to you. Each tax benefit is explained in simple to understand language--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. Deductions, credits, and other tax breaks that will change in 2024 are highlighted throughout the book to help you plan ahead. 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
• Retirement savings
• Travel
• Medical and dental expenses
• Health savings accounts
• Education costs
• Your charitable giving
• Disaster losses
• Insurance Packed with hundreds of updated deductions and credits, practical advice, and real-world examples, J.K. Lasser's 1001 Deductions & Tax Breaks 2024 is a book every taxpayer should own. Get your free online supplement for the latest tax changes.

Contenu

Introduction vii

1. You and Your Family 1

2. Medical Expenses 27

3. Education Costs 75

4. Your Home 110

5. Retirement Savings 146

6. Charitable Giving 191

7. Your Car 222

8. Investing 238

9. Travel 272

10. Real Estate 293

11. Borrowing and Interest 322

12. Insurance and Catastrophes 336

13. Your Job 351

14. Your Business 371

15. Miscellaneous Items 399

Appendix A. Items Adjusted Annually for Inflation 423

Appendix B. Checklist of Tax-Free Items 429

Appendix C. Checklist of Nondeductible Items 433

Appendix D. Common Mistakes to Avoid 439

Index 443