J.K. Lasser's Your Income Tax 2022 (eBook)

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 2021 xxvii

Tax News for 2021 xxvii

Key Tax Numbers for 2021 xxx

Tax-Saving Opportunities for 2021 and Beyond xxxiii

Pending Tax Rule Changes xxxiv

Expiring Provisions xxxvi

Filing Basics 1

1 Filing Status 9

Reporting Your Income 35

2 Wages, Salary, and Other Compensation 37

3 Fringe Benefits 56

4 Dividend and Interest Income 84

5 Reporting Property Sales 112

6 Tax-Free Exchanges of Property 160

7 Retirement and Annuity Income 174

Claiming Deductions 341

12 Deductions Allowed in Figuring Adjusted Gross Income 343

13 Claiming the Standard Deduction or Itemized Deductions 349

14 Charitable Contribution Deductions 356

15 Itemized Deduction for Interest Expenses 384

16 Deductions for Taxes 402

17 Medical and Dental Expense Deductions 411

18 Casualty and Theft Losses and Involuntary Conversions 431

19 Other Itemized Deductions 455

20 Travel and Meal Expense Deductions 458

21 Personal Tax Computations 479

Dependents 481

22 Figuring Your Regular Income Tax Liability 495

23 Alternative Minimum Tax (AMT) 500

24 Computing the "Kiddie Tax" on Your Child's Unearned Income 508

25 Personal Tax Credits Reduce Your Tax Liability 514

26 Tax Withholdings 538

27 Estimated Tax Payments 546

28 Additional Medicare Tax and Net Investment Income Tax 552

29 Tax Planning 559

Tax Savings for Residence Sales 561

30 Tax Rules for Investors in Securities 578

31 Tax Savings for Investors in Real Estate 595

32 Tax Rules for Investors in Mutual Funds 609

33 Educational Tax Benefits 618

34 Special Tax Rules for Senior Citizens and the Disabled 636

35 Members of the Armed Forces 651

36 How To Treat Foreign Earned Income 659

37 Planning Alimony and Marital Settlements 670

38 Other Taxes 676

39 Gift and Estate Tax Planning Basics 682

Business Tax Planning 691

40 Income or Loss From Your Business or Profession 693

41 Retirement and Medical Plans for Self-Employed 723

42 Claiming Depreciation Deductions 736

43 Deducting Car and Truck Expenses 753

44 Sales of Business Property 768

45 Figuring Self-Employment Tax 775

46 Filing Your Return And What Happens After You File 785

Filing Your Return 787

47 Filing Refund Claims, and Amended Returns 795

48 If the IRS Examines Your Return 799

2021 Tax Forms 813

Form 1040 815

Form 1040-SR 817

Schedule 1 821

Schedule 2 823

Schedule 3 825

Schedule A 827

Schedule B 828

Schedule 8812 829

2021 Tax Table 832

2021 Tax Computation Worksheet 844

2021 Earned Income Credit (EIC) Table 845

Glossary 855

Index 861