The simple truth about tax breaks and deductions

Many people are so confused by tax laws or so frightened by the threat of an audit that they fail to take perfectly legal write-offs. Filled with in-depth insights and practical tax advice, J.K. Lasser’s 1001 Deductions and Tax Breaks, 2005 Edition tells readers exactly how to take advantage of every tax break and deduction that they may be entitled to–without running afoul of the IRS. Chapters are clearly organized by subject matter so readers can easily find what applies to them. Each tax benefit is clearly explained, along with the eligibility requirements, as well as planning tips and common pitfalls. Packed with real-world examples, this new edition is completely updated to reflect all of the changes in the tax law and answers the most commonly asked tax question, "What can I deduct?"

Barbara Weltman (Millwood, NY), an attorney, is a nationally recognized expert in taxation for small businesses. She has written extensively on tax, finance, and estate planning. Weltman is an experienced writer and is quoted regularly in major publications, including the New York Times and Boardroom’s Tax Hotline. She is also featured on CNN and CNBC.