J.K. Lasser's 1001 Deductions and Tax Breaks 2012: Your Complete Guide to Everything Deductible [Paperback]

Barbara Weltman (Author)

Book Description

Publication Date: November 8, 2011 | Series: J.K. Lasser (Book 127)

A straightforward guide to taking tax breaks and deductions on your 2011 tax return

Completely revised to reflect important changes in this year?s tax laws, J.K. Lasser?s 1001 Deductions & Tax Breaks 2012 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 also 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.

• Discusses deductions and tax breaks with regard to your family, home, car, job, investments, retirement, medical expenses, charitable giving, health coverage, and much more
• Packed with hundreds of updated examples, practical advice, and real-world examples
• Explains tax changes that are set to apply after 2011 that may affect your planning decisions
• Includes a free online supplement at JKLasser.com, which contains up-to-the-minute tax law changes
• Other titles by Barbara Weltman: J.K. Lasser?s Small Business Taxes 2012

Filled with in-depth insights and expert advice, J.K. Lasser?s 1001 Deductions & Tax Breaks 2012 is a book every taxpayer should own.

Editorial Reviews

From the Back Cover

A straightforward guide to taking tax breaks

and deductions on your 2011 tax return

Completely revised to reflect important changes in recent tax laws (including the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act), J.K. Lasser's 1001 Deductions & Tax Breaks 2012 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 also 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 and car

• Your job or business

• Your investments and retirement savings

• Medical and dental expenses

• Health savings accounts

• Education costs

• Your charitable giving

• Casualty and theft losses

Packed with hundreds of updated deductions and credits, practical advice, and real-world examples, J.K. Lasser's 1001 Deductions & Tax Breaks 2012 is a book every taxpayer should own.

Don't forget to view the free online supplement to this book at JKLasser.com for up-to-the-minute tax law changes.

J.K. Lasser—Practical Guides for All Your Financial Needs

Please visit our Web site at www.jklasser.com

About the Author

Barbara Weltman is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser's Small Business Taxes. She is also the publisher of Idea of the Day, a guest columnist for WSJ.com and U.S. News & World Report, is quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Money magazine), and hosts Build Your Business radio. Visit her at www.barbaraweltman.com.

Product Details

• Paperback: 452 pages
• Publisher: Wiley; 9 edition (November 8, 2011)
• Language: English
• ISBN-10: 111807257X
• ISBN-13: 978-1118072578
• Product Dimensions: 6.3 x 1.3 x 9.1 inches
• Shipping Weight: 12 ounces
• Average Customer Review: 4.1 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #509,426 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

8 of 9 people found the following review helpful

5.0 out of 5 stars brilliant! November 22, 2011

By evanlucky13

Format:Paperback

This book is well worth the 12 or so dollars you spend, you will recoup it so quickly with all the deductions you were previously unaware you were entitled to. And it's so easy to understand.

5 of 5 people found the following review helpful

3.0 out of 5 stars Good information but nothing groundbreaking May 3, 2012

By jbx2usa

Format:Kindle Edition|Amazon Verified Purchase

1,0001 deductions? I'm sure someone was using fuzzy accounting when summing up that total. I purchased this book to help me plan for my taxes for next year. I had already done some investigating online so I was decently familiar with all the available deductions. I was hoping that this book would show a deduction that I didn't know I qualified for or something that wasn't being used. It didn't. In fact, all of the information in this book can be found on the web for free. In fact, if you want all the details on a certain deduction (exclusions, etc), you have to look it up online anyway.

Now, that's not to say you don't need this book. I have given it a neutral rating because the information it does provide is essential to determine whether you qualify for the deductions or not. The information is all in one place instead of looking it up piecemeal through countless websites. It describes the tests involved to determine if you qualify for the deduction. It shows MAGI phase-outs that are not always shown on some websites. This would have helped me had I not found out the hard way that some credits and deductions are now phasing out in much lower income brackets than anticipated. It also describes the percentages and gives good examples on how to claim the deductions it covers. Also, the advice on retirement accounts is top-notch. You can find it elsewhere but it is described nicely in this book. I'm not sure about the business section since it doesn't pertain to me. In fact, a lot of this book does not pertain to most people in the audience that it is geared for.

So, if you're looking for a good reference with some solid examples and phase-outs of the current tax deductions this book is for you. If you're looking for advice on whether to get a 401k, whether tuition is deductible, and how much you may claim for certain deductions this book is also for you. If you're looking for excruciating details or something that you think you may not know about, I'm thinking this book is not for you. Anyone who has used H&R tax cut would be familiar with the deductions but this book may supplement your knowledge if you've never looked it up outside of these programs. It may also help you ferret out deductions you qualify for when using these programs but it's not a silver bullet to dropping your tax burden. Most of us already know the tricks that are available to middle-class families who are not business owners.

5 of 5 people found the following review helpful

5.0 out of 5 stars Don't know about the Kindle version, but paper is worth every cent January 24, 2012

By Mr. John K. Haslach

Format:Paperback|Amazon Verified Purchase

I've been in the business for 30 years. This book gives you answers that are very hard to find anywhere else. Worth every cent you pay for it.