J.K. Lasser's New Tax Law Simplified 2010 : Tax Relief from the American Recovery and Reinvestment Act, and More » (Original)

BARBARA WELTMAN, an attorney, is a nationally recognized expert in taxation for small businesses and is the top-selling author of books on tax and finance, including J.K. Lasser's 1001 Deductions and Tax Breaks. She is an experienced writer and is quoted regularly in major publications, including the New York Times and Money magazine. Visit her at www.barbaraweltman.com.

Straightforward explanations of the new tax laws

Things have changed radically in our economy and our finances. Everything has been affected: from housing and education, to employment, and beyond. These changes are complex and will have a dramatic effect on taxpayers. But all is not lost.

J.K. Lasser provides the tips and tools needed to gain a better understanding of what is going on and help you save money on your 2009 return. Perhaps more importantly, this book will help you plan ahead for future tax savings.

Written by the recognized authority in taxes, J.K. Lasser's New Tax Law Simplified 2010 transforms the complex new tax laws into plain English that any taxpayer can understand. Filled with up-to-the-minute facts and figures, this book makes it easier for you to learn about—and profit from—the laws that govern your taxes.

Informative and accessible, this reliable resource:

• Outlines various tax relief strategies that will help you benefit from the American Recovery and Reinvestment Act

• Contains numerous examples and tables that highlight the issues addressed

• Helps you understand and utilize the new tax programs and regulations for this year and next year

• Details new tax breaks that will improve your family's education

• Reveals easy-to-do planning strategies

• And much, much more!

While you may be concerned with the current state of the economy and financial world, this can be a time of great opportunity—if you take advantage of the guidance found in J.K. Lasser's New Tax Law Simplified 2010.

Introduction vii

1 New Rules for Income and Exclusions 1

2 Changes in Figuring Your Adjusted Gross Income 31

3 New Breaks for the Standard Deduction and Itemized Deductions 45

4 New Ways to Trim Your Tax Computation 63

5 New Credits to Cut Taxes 75

6 Money-Saving Breaks for Other Taxes 99

7 Tax-Saving Changes for Small Businesses 115

8 Planning Opportunities for Estate, Gift, and Generation-Skipping Transfer Taxes 131

Appendix A Expiring Laws 141

Appendix B 2010 Inflation Adjustments 147

Appendix C Other Forms and Worksheets 157

Glossary 171

Index 183