Barbara Weltman 
J.K. Lasser’s 1001 Deductions and Tax Breaks 2022 
Your Complete Guide to Everything Deductible

The definitive guide to all income-tax deductions and credits for the everyday taxpayer

Millions of Americans overpay their taxes by billions of dollars every year. J.K. Lasser’s 1001 Deductions and Tax Breaks 2022: Your Complete Guide to Everything Deductible provides an invaluable tool by thoroughly explaining and keeping track of the constantly advancing tax law code for the ordinary taxpaying Americans. The fifth edition of this popular book has been fully updated to reflect the latest rulings and laws, allowing the reader to easily refer to the appropriate deductions for their particular needs.

This guidebook answers the most common tax questions regarding deductions and credit in a clear, and easy-to-follow guide. It provides readers with:

* Answers to the most common tax questions regarding deductions and credit

* Comprehensive information on each deductible expense, including dollar limits and record-keeping requirements

* An e-supplement with the latest tax developments from the IRS and Congress

* Information regarding the American Rescue Plan Act (ARPA) and the Consolidated Appropriations Act, 2021 (CAA)

Ideal for taxpayers and tax professionals, 1001 Deductions and Tax Breaks, 2022 helps the American taxpayer claim what is rightfully yours and keep more of your hard-earned money.

Table of Content

Introduction vii

1. You and Your Family 1

2. Medical Expenses 29

3. Education Costs 80

4. Your Home 114

5. Retirement Savings 150

6. Charitable Giving 191

7. Your Car 220

8. Investing 233

9. Travel 265

10. Real Estate 286

11. Borrowing and Interest 316

12. Insurance and Catastrophes 330

13. Your Job 348

14. Your Business 368

15. Miscellaneous Items 398

Appendix A. Items Adjusted Annually for Inflation 422

Appendix B. Checklist of Tax-Free Items 428

Appendix C. Checklist of Nondeductible Items 432

Index 439

About the author

BARBARA WELTMAN is an attorney and a nationally recognized expert in taxation for small businesses, as well as the author of many top-selling books on taxes and finance, including J.K. Lasser’s Small Business Taxes. She is also the publisher of Idea of the Day¯®, is quoted regularly in major publications (including the New York Times, the Wall Street Journal, and Consumer Reports), and is an award-winning blogger. Visit her at www.Big Ideas For Small Business.com.