The newest entry in America’s #1 all-time, best-selling personal tax guide
J.K. Lasser's Your Income Tax 2023: For Preparing Your 2022 Tax Return offers hands-on and practical advice for everyday people getting ready to file their taxes for the 2022 calendar year. You’ll find info about the latest changes to the 2022 tax code, worksheets and forms you can use to file your taxes, and the most current advice on how to maximize your credits and deductions.
You’ll learn how to legally keep as much money in your pocket as possible while you minimize how much Uncle Sam takes off the top. In the latest edition of this widely read and celebrated series, you’ll find:
- Special features that guide you through recent Tax Court decisions and IRS rulings that govern how your deductions and credits work
- Tips and tricks on how to properly file your taxes and clever (but completely legal!) tax planning strategies that help save you money
- New information about the latest legislation from Congress and how it impacts your taxes
Trusted by Americans everywhere for over 75 years, J.K. Lasser's Your Income Tax 2023 is the perfect book for anyone looking for the latest and most up-to-date personal tax info to help walk them through their next tax return.
Table of Contents
What’s New for 2022 xxvii
Tax News for 2022 xxvii
Key Tax Numbers for 2022 xxx
Tax-Saving Opportunities for 2022 and Beyond xxxii
Pending Tax Rule Changes xxxiii
Expiring Provisions xxxiv
Filing Basics 1
Do You Have to File a 2022 Tax Return? 2
Filing Tests for Dependents: 2022 Returns 3
Where to File Your 2022 Form 1040 or 1040-SR 5
Filing Deadlines (on or before) 6
What Forms Do You Need to File? 8
Filing Status 9
If Your Spouse Died in 2021 or 2020 24
Reporting Your Income 35
Wages, Salary, and Other Compensation 37
Fringe Benefits 56
Dividend and Interest Income 81
Reporting Property Sales 109
With Over $5 Million Debt 153
Tax-Free Exchanges of Property 158
Retirement and Annuity Income 172
IRAs 210
Income From Real Estate Rentals and Royalties 264
Loss Restrictions: Passive Activities and At-Risk Limits 284
Other Income 314
Claiming Deductions 339
Deductions Allowed in Figuring Adjusted Gross Income 341
Claiming the Standard Deduction or Itemized Deductions 347
Exceed Your Itemized Deductions? 349
Charitable Contribution Deductions 354
Itemized Deduction for Interest Expenses 381
Deductions for Taxes 399
Medical and Dental Expense Deductions 408
Casualty and Theft Losses and Involuntary Conversions 428
Other Itemized Deductions 453
Travel and Meal Expense Deductions 456
Personal Tax Computations 477
Dependents 479
Figuring Your Regular Income Tax Liability 493
Alternative Minimum Tax (AMT) 498
Computing the “Kiddie Tax” on Your Child’s Unearned Income 506
Personal Tax Credits Reduce Your Tax Liability 512
Tax Withholdings 536
Estimated Tax Payments 544
Additional Medicare Tax and Net Investment Income Tax 550
Tax Planning 557
Tax Savings for Residence Sales 559
Tax Rules for Investors in Securities 577
Tax Savings for Investors in Real Estate 594
Tax Rules for Investors in Mutual Funds 608
Educational Tax Benefits 617
Special Tax Rules for Senior Citizens and the Disabled 635
Members of the Armed Forces 650
How To Treat Foreign Earned Income 658
Planning Alimony and Marital Settlements 669
Other Taxes 674
Gift and Estate Tax Planning Basics 680
Business Tax Planning 689
Income or Loss From Your Business or Profession 691
Retirement and Medical Plans for Self-Employed 721
Claiming Depreciation Deductions 734
Deducting Car and Truck Expenses 751
Sales of Business Property 766
Figuring Self-Employment Tax 773
Filing Your Return and What Happens After You File 783
Filing Your Return 785
Filing Refund Claims, and Amended Returns 794
If the IRS Examines Your Return 798
2022 Tax Forms 811
Form 1040 813
Form 1040-SR 815
Schedule 1 819
Schedule 2 821
Schedule 3 823
Schedule A 825
Schedule B 826
Schedule 8812 827
Form 2441 829
Form 5695 831
Form 8962 832
Form 8962 833
2022 Tax Table 834
2022 Tax Computation Worksheet 846
2022 Earned Income Credit (EIC) Table 847
Glossary 857
Index 863
