Bookstore

Claim tax deductions and credits with confidence using this complete list of tax relief opportunities It seems that every year your personal tax return gets more and more complicated. What can you claim? What can you deduct? J.K. Lasser's 1001 Deductions and Tax Breaks 2021 offers simple and step-by-step tips on the tax relief available to individual taxpayers just like you. You'll discover how to take advantage - legally - of every available tax deduction and credit out there. Attorney, expert, and author Barbara Weltman walks you through every single credit and deduction available to you and shows you which forms you need to fill out to claim them. You'll learn: * How to review your records for deduction and credit opportunities * Keep the right records and receipts in case the IRS comes calling * What types of income are tax free * Which COVID-19-related tax breaks apply to you * The difference between a deduction and a credit, and why it matters Whether you're filling out your first tax return ever or your fifty-first, J.K. Lasser's 1001 Deductions and Tax Breaks 2021 will show you easy ways to increase your tax refund and decrease your tax payable on you 2020 return and plan for additional tax savings in 2021.

J.K. Lasser's 1001 Deductions and Tax Breaks 2021: Your Complete Guide to Everything Deductible

Introduction vii

1. You and Your Family 1

2. Medical Expenses 30

3. Education Costs 81

4. Your Home 118

5. Retirement Savings 155

6. Charitable Giving 195

7. Your Car 224

8. Investing 237

9. Travel 268

10. Real Estate 289

11. Borrowing and Interest 319

12. Insurance and Catastrophes 333

13. Your Job 349

14. Your Business 368

15. Miscellaneous Items 397

Appendix A. Items Adjusted Annually for Inflation 421

Appendix B. Checklist of Tax-Free Items 427

Appendix C. Checklist of Nondeductible Items 431

Index 437