J.K. Lasser's 1001 Deductions and Tax Breaks 2006: The Complete Guide to Everything Deductible [Paperback]

Barbara Weltman (Author)

Book Description

ISBN-10: 0471733091 | ISBN-13: 978-0471733096 | Publication Date: November 4, 2005 | Edition: Revised

Stop worrying and start saving with

J.K. Lasser's 1001 Deductions & Tax Breaks 2006

Fully updated to reflect important changes in this year's tax laws, J.K. Lasser's 1001 Deductions & Tax Breaks 2006 will help you take advantage of every tax break and deduction that you may be entitled to.

This comprehensive guide is clearly organized by subject matter so you can easily find situations that may apply to you. Each tax benefit is clearly explained--along with the eligibility requirements for claiming the benefit--while planning tips and common pitfalls associated with the benefit in question are discussed in detail. New tax law alerts are also included throughout the book, so you can make the most informed decisions possible.

With this book as your guide, you'll find deductions and tax breaks with regard to:
* You and your family
* Your home
* Your car
* Your job or business
* Retirement savings
* Education costs
* Medical expenses
* Health savings accounts
* Real estate
* Investing
* Borrowing and interest
* Insurance and catastrophes
* Gifts and inheritances
* Charitable giving
* Travel
* Entertainment


J.K. Lasser's 1001 Deductions & Tax Breaks 2006 is packed with hundreds of updated deductions and credits, practical advice, and real-world examples. It's a book every taxpayer should own.

Editorial Reviews

From the Back Cover

Stop worrying and start saving with

J.K. Lasser's 1001 Deductions & Tax Breaks 2006

Fully updated to reflect important changes in this year's tax laws, J.K. Lasser's 1001 Deductions & Tax Breaks 2006 will help you take advantage of every tax break and deduction that you may be entitled to.

This comprehensive guide is clearly organized by subject matter so you can easily find situations that may apply to you. Each tax benefit is clearly explained—along with the eligibility requirements for claiming the benefit—while planning tips and common pitfalls associated with the benefit in question are discussed in detail. New tax law alerts are also included throughout the book, so you can make the most informed decisions possible.

With this book as your guide, you'll find deductions and tax breaks with regard to:

• You and your family
• Your home
• Your car
• Your job or business
• Retirement savings
• Education costs
• Medical expenses
• Health savings accounts
• Real estate
• Investing
• Borrowing and interest
• Insurance and catastrophes
• Gifts and inheritances
• Charitable giving
• Travel
• Entertainment

J.K. Lasser's 1001 Deductions & Tax Breaks 2006 is packed with hundreds of updated deductions and credits, practical advice, and real-world examples. It's a book every taxpayer should own.

About the Author

BARBARA WELTMAN is a nationally recognized small business authority and tax expert. A respected attorney, Ms.Weltman is the author of several top-selling books on taxes and finance. Her newsletter, Barbara Weltman's Big Ideas for Small Business®, is considered the source for timely information on small business issues and trends. Ms.Weltman has been featured in many prestigious media outlets including the Wall Street Journal, Inc.com, Bloomberg TV, CNN, and CNBC. Ms. Weltman's Web site is www.barbaraweltman.com.

Product Details

• Paperback: 432 pages
• Publisher: Wiley; Revised edition (November 4, 2005)
• Language: English
• ISBN-10: 0471733091
• ISBN-13: 978-0471733096
• Product Dimensions: 9.2 x 6.1 x 1.3 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 3.3 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #1,676,386 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

1.0 out of 5 stars Too basic; coverage can be found free online or in software, November 15, 2006

By 

Gadgester "No Time, No Money" (Mother Earth) - See all my reviews
(HALL OF FAME REVIEWER)   

This review is from: J.K. Lasser's 1001 Deductions and Tax Breaks 2006: The Complete Guide to Everything Deductible (Paperback)

I was interested in the 2007 edition of this book (for tax year 2006) so I checked out the 2006 edition to see if it was any good. Glad I did that, because the stuff here is really just too basic. Like "business owner" opined, all the stuff is on IRS's website for free, and IRS does an admirable job keeping the topics organized just like this book. (Of course, reading a book still has numerous advantages over reading on a PC screen.) The book, to my dismay, lacks depth. I've done my own taxes for the last 16 or 17 years so nothing here is new for me. But even for a newbie, it's better to just use the IRS website which is more accurate and authoritative and up-to-date.

Besides, much of the information in this book is already in Lasser's Your Income Tax book, by the same author, a New York accountant called Weltman. Speaking of that book, if you are interested in saving on taxes, Jeff Schnepper's "Pay Zero Taxes" may be a better read.

In any case, you can find all the information here free online, or in the Help section of such low-cost tax prep software as TaxAct, TurboTax and TaxCut. TaxAct, in particular, gives you all that tax-related materials from Lasser, publisher of this small volume.

3 of 3 people found the following review helpful:

3.0 out of 5 stars Not great, could have covered more complex issues, July 1, 2006

By 

Business Owner (United States) - See all my reviews

This review is from: J.K. Lasser's 1001 Deductions and Tax Breaks 2006: The Complete Guide to Everything Deductible (Paperback)

Book covers all of the basic deductions. The J.K Lasser's small business taxes book is much better. Everything in this book is available on the IRS website. In fact, much of this book seems to be just a rewrite of the standard IRS tax guides.

5 of 6 people found the following review helpful:

3.0 out of 5 stars Whoops !, March 10, 2006

By 

Patricia L. Marks (Morristown, N.J. United States) - See all my reviews
(VINE VOICE)    (REAL NAME)   

Amazon Verified Purchase

This review is from: J.K. Lasser's 1001 Deductions and Tax Breaks 2006: The Complete Guide to Everything Deductible (Paperback)

I found a significant error in this book. Medigap policies were listed as both a valid medical deduction and an invalid medical deduction.