Save money - legally - on your 2024-25 taxes with easy, expert advice from America's most trusted personal and small business tax advisor
In the newly revised edition of J.K. Lasser's 1001 Deductions and Tax Breaks 2025: Your Complete Guide to Everything Deductible, renowned small business tax attorney Barbara Weltman walks you through every relevant tax credit and deduction you're entitled to claim on your 2024 return, including brand new tax breaks introduced just this year. You'll find hundreds of money-saving opportunities that help ensure you don't overpay on your taxes, giving Uncle Sam exactly what you're legally required to give him - and not a penny more!
You'll also find: - A complimentary e-supplement that covers the latest developments from the IRS and Congress - Step-by-step instructions on how to claim every deduction that applies to you and your family, complete with record-keeping requirements, dollar limits, and filing instructions - The latest tax rulings, laws, and cases that impact your 2024-25 tax return
Perfect for every individual US taxpayer who has ever wondered, “Can I claim X?” or “Can I deduct this expense?”, J.K. Lasser's 1001 Deductions and Tax Breaks is a straightforward and authoritative roadmap to saving money on your taxes and simplifying tax season.
In the newly revised edition of J.K. Lasser's 1001 Deductions and Tax Breaks 2025: Your Complete Guide to Everything Deductible, renowned small business tax attorney Barbara Weltman walks you through every relevant tax credit and deduction you're entitled to claim on your 2024 return, including brand new tax breaks introduced just this year. You'll find hundreds of money-saving opportunities that help ensure you don't overpay on your taxes, giving Uncle Sam exactly what you're legally required to give him - and not a penny more!
You'll also find: - A complimentary e-supplement that covers the latest developments from the IRS and Congress - Step-by-step instructions on how to claim every deduction that applies to you and your family, complete with record-keeping requirements, dollar limits, and filing instructions - The latest tax rulings, laws, and cases that impact your 2024-25 tax return
Perfect for every individual US taxpayer who has ever wondered, “Can I claim X?” or “Can I deduct this expense?”, J.K. Lasser's 1001 Deductions and Tax Breaks is a straightforward and authoritative roadmap to saving money on your taxes and simplifying tax season.
Table of Contents
Introduction vii
1. You and Your Family 1
2. Medical Expenses 27
3. Education Costs 75
4. Your Home 110
5. Retirement Savings 147
6. Charitable Giving 193
7. Your Car 224
8. Investing 240
9. Travel 274
10. Real Estate 293
11. Borrowing and Interest 322
12. Insurance and Catastrophes 336
13. Your Job 351
14. Your Business 371
15. Miscellaneous Items 399
Appendix A. Items Adjusted Annually for Inflation 423
Appendix B. Checklist of Tax-Free Items 429
Appendix C. Checklist of Nondeductible Items 433
Appendix D. Common Mistakes to Avoid 440
Index 442
