J.K. Lasser's Your Income Tax 2025, Professional Edition

What’s New for 2024 xxix 

Tax News for 2024 xxix 

Expiring Provisions xxxi 

Key Tax Numbers for 2024 xxxii 

Tax-Saving Opportunities for 2024 and Beyond xxxiv 

Filing Basics 1 

Before you get Started 3 

Filing Status 13 

Dependents 39 

Wages, Salary, and Other Compensation 53 

Fringe Benefits 72 

Dividend and Interest Income 97 

Reporting Property Sales 125 

Tax-Free Exchanges of Property 174 

Retirement and Annuity Income 189 

IRAs 226 

Income From Real Estate Rentals and Royalties 279 

Loss Restrictions: Passive Activities and At-Risk Limits 299 

Other Income 329 

Claiming Deductions 355 

Deductions Allowed in Figuring Adjusted Gross Income 357 

Claiming the Standard Deduction or Itemized Deductions 364 

Exceed Your Itemized Deductions? 366 

Medical and Dental Expense Deductions 371 

Deductions for Taxes 391 

Itemized Deduction for Interest Expenses 400 

Charitable Contribution Deductions 418 

Casualty and Theft Losses and Involuntary Conversions 445 

Other Itemized Deductions 470 

Travel and Meal Expense Deductions 473 

Personal Tax Computations 495 

Figuring Your Regular Income Tax Liability 497 

Alternative Minimum Tax (AMT) 502 

Computing the “Kiddie Tax” on Your Child’s Unearned Income 510 

Personal Tax Credits Reduce Your Tax Liability 516 

Tax Withholdings 540 

Estimated Tax Payments 548 

Additional Medicare Tax and Net Investment Income Tax 554 

Tax Planning 561 

Tax Savings for Residence Sales 563 

Tax Rules for Investors in Securities 581 

Tax Savings for Investors in Real Estate 598 

Tax Rules for Investors in Mutual Funds 612 

Educational Tax Benefits 621 

Special Tax Rules for Senior Citizens and the Disabled 640 

Members of the Armed Forces 655 

How To Treat Foreign Earned Income 663 

Planning Alimony and Marital Settlements 674 

Other Taxes 679 

Gift and Estate Tax Planning Basics 685 

Business Tax Planning 695 

Income or Loss From Your Business or Profession 697 

Retirement and Medical Plans for Self-Employed 727 

Claiming Depreciation Deductions 740 

Deducting Car and Truck Expenses 757 

Sales of Business Property 772 

Figuring Self-Employment Tax 779 

Filing Your Return and the Process After You File 789 

Filing Your Return 791 

Filing Refund Claims, and Amended Returns 800 

If the IRS Examines Your Return 804 

2024 Tax Forms 817 

Tax Law Authorities 857 

Citations of Authority 863 

Practice Before the Irs 975 

Written Information Security Plan 1015 

Glossary 1033 

Index 1039