The Truth About Paying Fewer Taxes

S. Kay Bell

Language: English

Publisher: Ft Pr

Published: Jan 11, 2009

Description:

All you need to know about cutting your taxes ... this year and every year! *The truth about maximizing all your legal deductions and credits*The truth about smart tax planning for today and for the long term*The truth about avoiding IRS audits and costly tax penalties Simply the best thinking THE TRUTH AND NOTHING BUT THE TRUTH This book reveals 52 PROVEN bite-size, easy tax savings techniques that work. "Kay Bell's blog aims to provide tax and personal-finance tips and advice that will put more money in your bank account, not the government treasury.

" The Wall Street Journal Introduction vii Part I: The Truth About Filing Requirements Truth 1: Not everyone has to file 1 Truth 2: Figuring out your filing status 5 Truth 3: Filling out the right form 9 Truth 4: Meeting filing deadlines 13 Part II: The Truth About Taxable Income Truth 5: Determining what's taxable 17 Truth 6: Earned versus unearned income 21 Truth 7: The alternative minimum tax 25 Truth 8: Our progressive tax system 29 Part III: The Truth About Credits and Deductions Truth 9: Why credits are better 33 Truth 10: Standard versus itemized deductions 39 Truth 11: Dealing with deduction limitations 43 Truth 12: Maximizing charitable deductions 47 Truth 13: Deducting without itemizing 51 Part IV: The Truth About Taxes and Your Family Truth 14: Marriage and taxes 55 Truth 15: Innocent and injured spouse issues 59 Truth 16: Tax implications of divorce 63 Truth 17: Claiming exemptions and dependents 67 Truth 18: Adoption assistance 71 Truth 19: Child and additional child tax credits 75 Truth 20: Tax help in caring for your kids (and others) 79 Truth 21: Tax-favored college savings options 83 Truth 22: When a child has to file 87 Truth 23: Taking tax-smart care of a parent 91 Part V: The Truth About Taxes and Your Employment Truth 24: Getting your withholding right 95 Truth 25: Tax-favored employer-provided benefits 99 Truth 26: Recouping employee business