PART 3
Claiming Deductions
Chapter 12: Deductions Allowed in Figuring Adjusted Gross Income 12.1–12.8
Chapter 13: Claiming the Standard Deduction or Itemized Deductions 13.1–13.7
Chapter 14: Charitable Contribution Deductions 14.1–14.19
Chapter 15: Itemized Deduction for Interest Expenses 15.1–15.14
Chapter 16: Deductions for Taxes 16.1–16.10
Chapter 17: Medical and Dental Expense Deductions 17.1–17.16
Chapter 18: Casualty and Theft Losses and Involuntary Conversions 18.1–18.26
Chapter 19: Deducting Job Costs and Other Miscellaneous Expenses 19.1–19.18
Chapter 20: Travel and Entertainment Expense Deductions 20.1–20.35
Chapter 21: Personal Exemptions 21.1–21.12
In this part, you will learn how you may be able to reduce your tax liability by claiming deductions directly from gross income, and whether or not you have such deductions, by either the standard deduction or itemized deductions. Your tax liability may be lowered by—
- So-called “above-the-line “deductions that you may claim directly from gross income in arriving at adjusted gross income. These are allowed even if you claim the standard deduction. See Chapter 12.
- The standard deduction or itemized deductions. Although the standard deduction (Chapter 13) may provide an automatic tax reduction, it may be more advantageous for you to itemize deductions on Schedule A of Form 1040. Read the chapters on itemized deductions (Chapters 14-20) to see that you have not overlooked itemized deductions for charitable donations, interest ...
Get J.K. Lasser's Your Income Tax 2014: For Preparing Your 2013 Tax Return now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
