J.K. Lasser's Your Income Tax 2020: For Preparing Your 2019 Tax Return
- 31h 5m
- J.K. Lasser Institute
- John Wiley & Sons (US)
- 2020
For over 70 years, millions of taxpayers have trusted J.K. Lasser to provide accurate, authoritative guidance. Fully updated to reflect the latest changes to the 2019 tax code, Your Income Tax 2020 gives you step-by-step instructions for easy, stress-free filing. This invaluable book walks you through every part of the filing process in plain English, from organizing your records to navigating IRS worksheets and filling out the correct forms. Clear, easy-to-understand advice enables you to maximize deductions, protect income, and use the best tax strategy for your financial situation. Hundreds of real-world examples show which current tax laws, IRS rulings, and court decisions apply to you and how they affect your return.
Straightforward yet comprehensive, this respected resource answers all your questions and supplies everything you need to know for complete, error-free tax filing. Special features inserted throughout the text highlight important concepts, offer practical tips, and help you plan your overall tax strategy. With J.K. Lasser’s help, you can submit your return correctly, on time, and save more money than you expected. This must-have guide will help you:
- Complete the various forms and worksheets correctly
- Optimize the filing process and streamline next year's filing
- Ensure you receive the maximum tax relief available to you
- Eliminate the fear of mistakes, errors, and audits
- Stay informed of last-minute changes with n included e-supplement
Filling your taxes doesn’t have to be stressful and confusing. You don’t need to study every line of the tax code and pore over every IRS publication. That is what J.K. Lasser's Your Income Tax 2020 is for.
In this Book
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How to Use Your Income Tax 2020
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What’s New for 2019
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Do You Have to File a 2019 Tax Return?
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Filing Tests for Dependents—2019 Returns
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Where to File Your 2019 Form 1040 or 1040-SR
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Filing Deadlines (on or before)
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What Forms Do You Need to File?
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Filing Status
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Wages, Salary, and other Compensation
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Fringe Benefits
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Dividend and Interest Income
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Reporting Property Sales
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Tax-Free Exchanges of Property
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Retirement and Annuity Income
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IRAs
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Income from Real Estate Rentals and Royalties
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Loss Restrictions—Passive Activities and At-Risk Limits
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Other Income
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Deductions Allowed in Figuring Adjusted Gross Income
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Claiming the Standard Deduction or Itemized Deductions
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Charitable Contribution Deductions
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Itemized Deduction for Interest Expenses
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Deductions for Taxes
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Medical and Dental Expense Deductions
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Casualty and Theft Losses and Involuntary Conversions
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Other Itemized Deductions
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Travel and Meal Expense Deductions
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Dependents
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Figuring Your Regular Income Tax Liability
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Alternative Minimum Tax (AMT)
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Computing the “Kiddie Tax” on Your Child’s Unearned Income
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Personal Tax Credits Reduce Your Tax Liability
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Tax Withholdings
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Estimated Tax Payments
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Additional Medicare Tax and Net Investment Income Tax
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Tax Savings for Residence Sales
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Tax Rules for Investors in Securities
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Tax Savings for Investors in Real Estate
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Tax Rules for Investors in Mutual Funds
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Educational Tax Benefits
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Special Tax Rules for Senior Citizens and the Disabled
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Members of the Armed Forces
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How to Treat Foreign Earned Income
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Planning Alimony and Marital Settlements
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Other Taxes
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Gift and Estate Tax Planning Basics
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Income or Loss from Your Business or Profession
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Retirement and Medical Plans for Self-Employed
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Claiming Depreciation Deductions
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Deducting Car and Truck Expenses
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Sales of Business Property
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Figuring Self-Employment Tax
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Filing Your Return
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Filing Refund Claims, and Amended Returns
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If the IRS Examines Your Return
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Form 1040
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Form 1040-SR
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2019 Tax Table
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2019 Tax Computation Worksheet
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Glossary
