J.K. Lasser's 1001 Deductions and Tax Breaks 2022 Your Complete Guide to Everything Deductible

Millions of Americans overpay their taxes by billions of dollars every year. J.K. Lasser's 1001 Deductions and Tax Breaks 2022: Your Complete Guide to Everything Deductible provides an invaluable tool by thoroughly explaining and keeping track of the constantly advancing tax law code for the ordinary taxpaying Americans. The fifth edition of this popular book has been fully updated to reflect the latest rulings and laws, allowing the reader to easily refer to the appropriate deductions for their particular needs.

This guidebook answers the most common tax questions regarding deductions and credit in a clear, and easy-to-follow guide. It provides readers with:

• Answers to the most common tax questions regarding deductions and credit
• Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements
• An e-supplement with the latest tax developments from the IRS and Congress
• Information regarding the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA)

Ideal for taxpayers and tax professionals, 1001 Deductions and Tax Breaks, 2022 helps the American taxpayer claim what is rightfully yours and keep more of your hard-earned money.

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.

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

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