Take the anxiety out of tax season and file your return with confidence
In Taxes For Dummies, 2022 Edition, you’ll get line-by-line advice and plan ahead strategies that take the fear and anxiety out of tax season and save you money now and in the months and years ahead. This completely updated edition includes detailed coverage of the numerous tax bills have passed in recent years. You’ll learn everything you need to know to file your own taxes with confidence and intelligently plan year-round tax strategies.
In this book, you’ll:
* Discover how to take advantage of every deduction and tax credit that applies to your specific circumstances
* Learn to navigate the IRS website and the newest versions of the most popular online tax preparation and filing options
* Understand new retirement account options and the implications of new foreign taxation rules
* Plan ongoing, multi-year tax strategies that will help you achieve your financial goals at every stage of your life
Taxes For Dummies, 2022 Edition is the perfect resource for any United States taxpayer planning to file their own 2021 taxes. Whether you’re a first-time taxpayer, an expat filing from outside the US, or a seasoned veteran of tax season looking for the latest deductions and strategies to reduce your tax bill, this book is a must-read resource that’ll transform how you think about taxes.
Cuprins
Introduction 1
Part 1: Getting Ready to File. 5
Chapter 1: Understanding the U.S. Tax System 7
Chapter 2: Tax Return Preparation Options and Tools. 25
Chapter 3: Getting and Staying Organized. 37
Chapter 4: What Kind of Taxpayer Are You? 49
Part 2: Tackling the Main Forms 75
Chapter 5: All The Form 1040s: Income Stuff 77
Chapter 6: Form 1040, Schedule 1, Part I: Additional Income 113
Chapter 7: Form 1040, Schedule 1, Part II: Adjustments to Income Stuff. 131
Chapter 8: Form 1040, Schedule 2: Additional Taxes. 157
Chapter 9: Form 1040, Schedule 3: Adding Up Your Credits and Payments. 173
Chapter 10: Finishing Up the 1040. 187
Part 3: Filling Out Schedules and Other Forms. 205
Chapter 11: Itemized Deductions: Schedule A. 207
Chapter 12: Interest and Dividend Income: Form 1040, Schedule B. 245
Chapter 13: Business Tax Schedules: C and F. 263
Chapter 14: Capital Gains and Losses: Schedule D and Form 8949 303
Chapter 15: Supplemental Income and Loss: Schedule E. 335
Chapter 16: Giving Credits Where Credits Are Due 353
Chapter 17: Other Schedules and Forms to File. 369
Part 4: Audits and Errors: Dealing with the IRS. 389
Chapter 18: Dreaded Envelopes: IRS Notices, Assessments, and Audits. 391
Chapter 19: Fixing Mistakes the IRS Makes 413
Chapter 20: Fixing Your Own Mistakes. 429
Part 5: Year-Round Tax Planning. 453
Chapter 21: Tax-Wise Personal Finance Decisions. 455
Chapter 22: Trimming Taxes with Retirement Accounts. 465
Chapter 23: Small-Business Tax Planning. 485
Chapter 24: Your Investments and Taxes. 503
Chapter 25: Real Estate and Taxes. 519
Chapter 26: Children and Taxes. 537
Chapter 27: Estate Planning. 551
Part 6: The Part of Tens 565
Chapter 28: Ten Tips for Reducing Your Chances of Being Audited 567
Chapter 29: Ten Overlooked Opportunities to Trim Your Taxes 573
Chapter 30: Ten (Plus One) Tax Tips for Military Families. 579
Chapter 31: Ten Interview Questions for Tax Advisors 585
Appendix: Glossary. 591
Index 605
Despre autor
Eric Tyson, MBA, is a critically acclaimed personal finance writer, counselor, and speaker. He is the best-selling author of For Dummies guides on personal finance, investing, home buying, and real estate.
Margaret Atkins Munro is an Enrolled Agent with decades of practical experience as CEO of Tax Panacea Associates LLC. She has published extensively on tax and tax-related issues, including 529 & Other College Savings Plans For Dummies and Taxes For Dummies.