Prepare your 2015 taxes with ease!
J.K. Lasser's Your Income Tax 2016: For Preparing Your 2015 Tax Return is a bestselling tax reference that has been trusted by taxpayers for over seventy-five years. Updated to reflect the changes to the 2015 tax code, this authoritative text offers step-by-step instructions that guide you through the worksheets and forms you need to file your taxes according to the best tax strategy for your financial situation. Approachable yet comprehensive, this highly-regarded resource offers tax-saving advice on maximizing deductions and sheltering income, and provides hundreds of examples of how up to date tax laws apply to individual taxpayers. Additionally, special features inserted throughout the text highlight important concepts, such as new tax laws, IRS rulings, court decisions, filing pointers, and planning strategies.
Tax laws change each year, and it is critical that you choose a trusted reference when updating your understanding of current tax codes. This highly-regarded text features the updated information you are looking for, as well as the fundamental best practices you need to confidently and accurately file your taxes in 2016.
* Review the most recent tax law changes, ensuring that your tax preparation strategy is in line with legal requirements
* Explore over 2,500 tax-saving tips that maximize your return by making the most of available deductions, sheltering income, and more
* Access free supplemental materials encompassing the tax forms you need to file
* Leverage a comprehensive topic index and quick reference section to quickly pinpoint specific information and expedite the tax preparation process
J.K. Lasser's Your Income Tax 2016: For Preparing Your 2015 Tax Return is an essential text that guides you in preparing and filing your tax return with confidence.
Reihe
Auflage
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 27.3 cm
Breite: 21.3 cm
Dicke: 3.4 cm
Gewicht
ISBN-13
978-1-119-13392-6 (9781119133926)
Schweitzer Klassifikation
J.K. Lasser Institute has been the premier publisher of consumer tax guides since 1939, when Jacob Kay Lasser first published Your Income Tax. Since then, the guide has been published continuously for over seventy years and read by over 39,000,000 people. The J.K. Lasser Institute also publishes personal finance books such as Small Business Taxes and 1001 Deductions and Tax Breaks. J.K. Lasser Institute spokespeople are regularly sought after as media tax experts. They regularly appear on such broadcast programs as CNBC, CNN, and Bloomberg TV. They are also often featured in numerous periodicals, including The Wall Street Journal, USA Today, Self Magazine, The New York Times, Newsweek and Reader's Digest.
What's New for 2015 xxv
Key Tax Numbers for 2015 xxix
FILING BASICS 1
1 Filing Status 9
REPORTING YOUR INCOME 33
2 Wages, Salary, and Other Compensation 35
3 Fringe Benefits 52
4 Dividend and Interest Income 74
5 Reporting Property Sales 100
6 Tax-Free Exchanges of Property 144
7 Retirement and Annuity Income 159
8 IRAs 193
9 Income From Real Estate Rentals and Royalties 234
10 Loss Restrictions: Passive Activities and At-Risk Limits 251
11 Other Income 279
CLAIMING DEDUCTIONS 301
12 Deductions Allowed in Figuring Adjusted Gross Income 303
13 Claiming the Standard Deduction or Itemized Deductions 312
14 Charitable Contribution Deductions 320
15 Itemized Deduction for Interest Expenses 344
16 For Investment or Business 357
17 Medical and Dental Expense Deductions 367
18 Casualty and Theft Losses and Involuntary Conversions 385
19 Deducting Job Costs and Other Miscellaneous Expenses 410
20 Travel and Entertainment Expense Deductions 424
21 Personal Exemptions 450
PERSONAL TAX COMPUTATIONS 465
22 Figuring Your Regular Income Tax Liability 467
23 Alternative Minimum Tax (AMT) 471
24 Computing the "Kiddie Tax" on Your Child's Investment Income 479
25 Personal Tax Credits Reduce Your Tax Liability 485
26 Tax Withholdings 504
27 Estimated Tax Payments 511
28 Additional Medicare Tax and Net Investment Income Tax 517
TAX PLANNING 523
29 Tax Savings for Residence Sales 525
30 Tax Rules for Investors in Securities 540
31 Tax Savings for Investors in Real Estate 556
32 Tax Rules for Investors in Mutual Funds 569
33 Educational Tax Benefits 578
34 Special Tax Rules for Senior Citizens and the Disabled 596
35 Members of the Armed Forces 607
36 How To Treat Foreign Earned Income 614
37 Planning Alimony and Marital Settlements 625
38 Other Taxes 632
39 Gift and Estate Tax Planning Basics 640
BUSINESS TAX PLANNING 649
40 Income or Loss From Your Business or Profession 651
41 Retirement and Medical Plans for Self-Employed 679
42 Claiming Depreciation Deductions 689
43 Deducting Car and Truck Expenses 706
44 Sales of Business Property 720
45 Figuring Self-Employment Tax 727
FILING YOUR RETURN AND WHAT HAPPENS AFTER YOU FILE 735
46 Filing Your Return 737
47 Filing Refund Claims, and Amended Returns 749
48 If the IRS Examines Your Return 753
2015 TAX TABLE AND TAX COMPUTATION WORKSHEET 765
2015 Tax Table 766
2015 Tax Computation Worksheet 778
