Deduct Everything!: Save Money with Hundreds of Legal Tax Breaks, Credits, Write-Offs, and Loopholes

by Eva Rosenberg

Overview

Award-Winner in the “Business: Personal Finance/Investing” category of the 2016 International Book Awards

KEEP MORE OF YOUR HARD-EARNED MONEY AT TAX TIME

The tax code may be bloated, but that doesn’t mean your check to the IRS has to be. Let Deduct Everything! be your ultimate guide to lowering your annual tax bill.

This comprehensive guide to legal deductions, credits and loopholes covers:

• Rules of thumb for record-keeping and how to stay organized
• Secrets to mortgage, tax and insurance deductions
• Maximizing work-related expenses
• Making the most of medical expense and health savings accounts
• Strategies for utilizing deductions and credits for education
• Bonus: Lots of tips on how to make more money—some of it tax-free

Product Details

ISBN-13:	9781630060480
Publisher:	Humanix Books
Publication date:	02/02/2016
Sold by:	Barnes & Noble
Format:	eBook
Pages:	224
Sales rank:	824,520
File size:	3 MB

About the Author

Eva Rosenberg, BA, EA, (Northridge, CA) known as the Internet’s TaxMama®, publishes the popular TaxMama®.com website, cited by Consumer Reports magazine as a top tax advice site, and a LIFE Magazine Editors Pick. Dean of TaxMama®’s Online Enrolled Agent Review Course, Eva is training a new breed of tax professionals to pass the annual Internal Revenue Service license examinations. TaxMama®’s tax professionals learn to understand and serve small businesses and accounting firms. Find TaxMama’s® columns at MarketWatch.com and Equifax.com. Eva Rosenberg is regularly featured in publications as diverse as The Wall Street Journal and U.S. News&World Report to Rolling Stone and Women’s Day. TaxMama® is the author of Small Business Taxes Made Easy, named one of the best tax books of 2005 by Entrepreneur Magazine and silver medal winner of the 2011 Axiom Business Awards.

Table of Contents

1 Introduction 1

2 Record-Keeping Tips and Tools That Help Maximize Deductions 7

3 Should You Prepare Your Own Tax Return? 19

4 Choosing a Tax Professional 27

5 Deductions around the House 39

6 Giving Yourself Credits around the House 59

7 Extra Income around the House 73

8 In the Garage 95

9 Deduct Your Medical Expenses and Get Some Money Back 109

10 Charity Deductions Begin at Home 127

11 Retirement Tax Issues for the Young at Heart 147

12 Long-Term Savings and Retirement Tax Issues for the Very Young 177

13 Tax Savings for Education 191

14 Tax No-No's 203

15 Adjusting or Itemizing-What's the Difference? 225

A Few Last Words 237

Glossary 241

Resources 249

Editorial Reviews

"Packed with money-saving strategies every taxpayer can use!"
— Newsmax

"Rosenberg has spent her career mastering the complicated and arcane world of taxes so you don't have to. Buy her book and learn how to Deduct Everything! "

— Ilyce Glink

, award-winning financial journalist and best-selling author

"Demystifies taxes, takes the drudgery out of record-keeping (even making it fun), and makes the IRS seem less intimidating."

— Willie Crawford,

online marketing guru

From the Publisher