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

Product Description

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.

From the Inside Flap

A straightforward guide to taking tax breaks and deductions on your 2020 tax return
Completely revised to reflect important changes in recent tax laws (including the SECURE Act and the CARES Act), J.K. Lasser’s 1001 Deductions & Tax Breaks 2021 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 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. COVID-19-related changes are highlighted 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
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 2021 is a book every taxpayer should own.

From the Back Cover

A straightforward guide to taking tax breaks and deductions on your 2020 tax return
Completely revised to reflect important changes in recent tax laws (including the SECURE Act and the CARES Act), J.K. Lasser’s 1001 Deductions & Tax Breaks 2021 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 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. COVID-19-related changes are highlighted 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
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 2021 is a book every taxpayer should own.

About the Author

BARBARA WELTMAN is an attorney and a nationally recognized expert in taxation for small businesses, as well as the auth