Book description
A straightforward guide to taking tax breaks and deductions on your 2012 tax return
Completely revised to reflect important changes in this year's tax laws, J.K. Lasser's 1001 Deductions & Tax Breaks 2013 will help you take advantage of every tax break and deduction that you may be entitled to. 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.
Discusses deductions and tax breaks with regard to your family, home, car, job, investments, retirement, medical expenses, charitable giving, health coverage, and much more
Packed with hundreds of updated examples, practical advice, and real-world examples
Explains tax changes that are set to apply after 2012 that may affect your planning decisions
Includes a free online supplement at JKLasser.com, which contains up-to-the-minute tax law changes
Other titles by Barbara Weltman: J.K. Lasser's Small Business Taxes 2013
Filled with in-depth insights and expert advice, J.K. Lasser's 1001 Deductions & Tax Breaks 2013 is a book every taxpayer should own.
Note: The ebook version does not provide access to the companion files.
Table of contents
- Cover
- Title Page
- Copyright
- Introduction
- Chapter 1: You and Your Family
-
Chapter 2: Medical Expenses
- Itemized Medical Expenses
- Self-Employed Health Insurance Deduction
- Health Insurance Credit for Eligible Recipients
- Long-Term Care Coverage
- Flexible Spending Arrangements for Health Care
- Health Reimbursement Arrangements
- Health Savings Accounts
- COBRA Coverage
- Medicare
- Continuing Care Facilities and Nursing Homes
- Accelerated Death Benefits
- Decedent's Final Illness
- Medical Insurance Rebates
-
Chapter 3: Education Costs
- Employer-Paid Courses
- Scholarships, Fellowships, and Grants
- American Opportunity Credit
- Lifetime Learning Credit
- Job-Related Education
- Tuition and Fees Deduction
- Student Loan Interest
- Interest on U.S. Savings Bonds
- Coverdell Education Savings Accounts
- Qualified Tuition Programs (529 Plans)
- Seminars
- Educational Travel
- Cancellation of a Student Loan
- Penalty-Free Withdrawals from IRAs
- Government Reimbursements
-
Chapter 4: Your Home
- Mortgages
- Mortgage Interest Tax Credit
- Home Equity Loans
- Points
- Refinancing
- Prepayment Penalties
- Late Payment Penalties
- Mortgage Insurance
- Reverse Mortgages
- Cancellation of Mortgage Debt
- Penalty-Free IRA Withdrawals for Home-Buying Expenses
- Homebuyer Credit for DC Purchasers
- Real Estate Taxes
- Cooperative Housing
- Minister's Housing Allowance
- Home Sale Exclusion
- Moving Expenses
- Energy Improvements
- Chapter 5: Retirement Savings
-
Chapter 6: Charitable Giving
- Cash Donations
- Appreciated Property Donations
- Used Clothing and Car Donations
- Intellectual Property Donations
- Real Estate Donated for Conservation Purposes
- Bargain Sales
- Volunteer Expenses
- Tickets to Fund-Raisers, Raffles, and Sporting Events
- Membership Fees to Nonprofit Organizations
- Student Exchange Program
- Donor-Advised Funds
- Appraisal Fees and Other Costs
- IRA Transfers to Charity
- Record Keeper for Your Charitable Giving
- Chapter 7: Your Car
-
Chapter 8: Investing
- Penalty on Early Withdrawal of Savings
- Loss on Bank Deposits
- Capital Losses
- Capital Gains and Qualified Dividends
- Worthless Securities
- Loss on Section 1244 Stock
- Margin Interest and Other Investment-Related Borrowing
- Safe-Deposit Box Rental Fee
- Subscriptions to Investment Newsletters and Online Services
- Home Computer Used for Investments
- Fees for Financial Advice
- Amortization of Bond Premium
- Municipal Bonds
- Savings Bonds
- Gain on the Sale of Small Business Stock
- Gain on Empowerment Zone Assets
- Foreign Taxes on Investments
- Exercise of Incentive Stock Options
- Losses from Investment Ponzi Schemes
- Chapter 9: Travel
- Chapter 10: Entertainment
- Chapter 11: Real Estate
- Chapter 12: Borrowing and Interest
- Chapter 13: Insurance and Catastrophes
-
Chapter 14: Your Job
- Job-Hunting Expenses
- Dues to Unions and Professional Associations
- Work Clothes and Uniforms
- Subscriptions to Professional Journals and Newsletters
- Work Tools and Equipment
- Miscellaneous Job-Related Expenses
- Educator Expenses
- Home Office Deduction
- Prizes and Awards
- Performing Artists
- State or Local Government Officials Paid on a Fee Basis
- Repayment of Supplemental Unemployment Benefits
- Jury Duty Pay Turned Over to Your Employer
- Impairment-Related Expenses
- Military Benefits
- Fringe Benefits
- Income Earned Abroad
- Chapter 15: Your Business
-
Chapter 16: Miscellaneous Items
- State and Local Income Taxes
- State and Local Sales Taxes
- Certain Federal Taxes
- Tax Refunds
- Tax Preparation Costs
- Tax Audits
- Legal Fees
- Gifts You Receive
- Inheritances
- Life Insurance Proceeds
- Estate Tax Deduction on Income in Respect of a Decedent
- Rebates and Discounts
- Government Benefits
- Alternative Minimum Tax
- Appendix A: Items Adjusted Annually for Inflation
- Appendix B: Checklist of Tax-Free Items
- Appendix C: Checklist of Nondeductible Items
- Index
Product information
- Title: J.K. Lasser's 1001 Deductions and Tax Breaks 2013: Your Complete Guide to Everything Deductible
- Author(s):
- Release date: October 2012
- Publisher(s): Wiley
- ISBN: 9781118346648
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