| Description |
xxxiv, 878 pages : illustrations (some color), forms ; 28 cm |
| Contents |
What's new for 2020 -- Tax news for 2020 -- Key tax numbers for 2020 -- Tax-saving opportunities for 2020 -- Payments resulting from the CARES Act -- Expiring provisions -- Part I : Filing basics : Filing status -- Part II : Reporting your income : Wages, salary, and other compensation -- Fringe benefits -- Dividend and interest income -- Reporting property sales -- Tax-free exchanges of property -- Retirement and annuity income ; IRAs -- Income from real estate rents and royalties -- Loss restrictions : passive activities and at-risk limits -- Other income -- Part 3 : Claiming deductions : Deductions allowed in figuring adjusted gross income -- Claiming the standard deduction or itemized deductions -- Charitable contribution deductions -- Itemized deduction for interest expenses -- Deductions for taxes -- Medical and dental expense deductions -- Casualty and theft losses and involuntary conversions -- Deducting job costs and other miscellaneous expenses -- Travel and entertainment expense deductions -- Personal exemptions -- Part 4 : Personal tax computations : Figuring your regular income tax liability -- Alternative minimum tax -- Computing the "kiddie tax" on your child's investment income -- Personal tax credits reduce your tax liability -- Tax withholdings -- Estimated tax payments -- Part 5 : Tax planning : Tax planning overview -- Tax savings for residence sales ; Tax rules for investors in securities -- Tax savings for investors in real estate -- Tax rules for investors in mutual funds -- Educational tax benefits -- Special tax rules for senior citizens -- Members of the Armed Forces -- How to treat foreign earned income -- Planning alimony and marital settlements -- Household employment taxes ("Nanny tax") -- Gift and estate tax planning -- Part 6 : Business tax planning : Income or loss from your business or profession -- Retirement and medical plans for self-employed -- Claiming depreciation deductions -- Deducting car and truck expenses -- Sales of business property -- Figuring self-employment tax -- Part 7 : Filing your return and what happens after you file : Filing your return -- Filing refund claims, and amended returns -- If the IRS examines your return -- 2020 Sample tax forms. |
| Summary |
This bestselling tax reference, updated to reflect the changes to the 2020 tax code, offers step-by-step instructions that guide you through the worksheets and forms needed to file your taxes according to the best tax strategy for your financial situation. |
| Note |
Subtitle from cover. |
|
Includes index. |
| Subject |
Income tax -- Law and legislation -- United States.
|
|
Income tax -- United States -- Popular works.
|
|
Tax returns -- United States.
|
|
Tax planning -- United States -- Popular works.
|
| Genre |
Handbooks and manuals.
|
|
Law for laypersons.
|
|
Nonfiction.
|
| Added Author |
J.K. Lasser Institute, editor.
|
| Added Title |
Your income tax 2021 |
| ISBN |
9781119742241 pbk. |
|
1119742242 pbk. |
|
More Resources