Customer Reviews

101 Tax Saving Ideas

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Many tax books are written over the average American's heads. But that is not the cause with 101 Tax Saving Ideas. The author go to great lengths to make sure each tip is easy to understand and beneficial. Each tip is geared towards helping middle-class families, small home businesses, and retired folks save money on their year-end taxes. I especially liked the examples to better explain the tips.

We found this book loaded with great tax savings tips. Especially important are discussions of tax-savvy investments, and how to minimize your taxes looking ahead to next year.
This easy-to-read and hard-to-put-down book is a must for investment adivsors and tax preparers alike. It belongs on your professional reading list. Overall, an outstanding value.

Randy Gardner, LLM, CPA, is a professor of taxation at the University of Missouri and Julie Welch, CPA, is the Director of the Tax Services at Meara, King & Company.

Randy Gardner and Julie Welch keep their tax guide up to date and they cover everything from family tax planning to working with your tax adviser. They highlight recent law changes and discuss proposed tax legislation for the future.

Examples of Tax Tips:

Have your refund deposited directly into your savings account. Just add your bank's routing number to your federal tax return.

Don't overpay your taxes throughout the year to receive a large refund. It's better to lower your withholding and invest the cash throughout the year.

What will this book do for you?

Reduce your taxes

Help you understand tax law

Show you how to take advantage of tax planning opportunities

Interesting sections that were very helpful include:

Nontaxable Income - you don't have to pay takes on a number of items including government payments, purchase discounts, benefits from your employer and personal gifts and life insurance proceeds.

Deducting Moving Expenses when you have to move because of a new job.

Pros and Cons of Renting Versus Owning A Home

If you have a small business, there are many sections that will be very useful and will give you ideas for how to save money on your taxes. Other areas of interest include, divorce, retirement, investments, education planning and tax credits.

~The Rebecca Review

Now in a sixth edition fully updated to include coverage of all aspects of the new federal tax laws, 101 Tax Saving Ideas is an expertly written, solid, detailed, reliable guide filled from cover to cover with tips, tricks, and techniques for reducing one's annual taxable income. From taking advantage of itemized deductions, investments, exemptions, fringe benefit plans and more, 101 Tax Saving Ideas is a first-rate contender written for non-specialist general readers of all levels of experience with the IRS reports and forms. Reading 101 Tax Saving Ideas offers year-round insights in financial planning - it's never too early or too late to start thinking about next year's taxes!

Worth it's weight in Gold. Should be kept as a handbook by their side by all CPAs