Reducing Your Taxes for Dummies:
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2024
|
Ausgabe: | 1st ed |
Online-Zugang: | DE-2070s |
Beschreibung: | Description based on publisher supplied metadata and other sources |
Beschreibung: | 1 Online-Ressource (339 Seiten) |
ISBN: | 9781394245741 |
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245 | 1 | 0 | |a Reducing Your Taxes for Dummies |
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264 | 4 | |c ©2024 | |
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505 | 8 | |a Intro -- Title Page -- Copyright Page -- Table of Contents -- Introduction -- About This Book -- Foolish Assumptions -- Icons Used in This Book -- Beyond the Book -- Where to Go from Here -- Part 1 Tax Reduction Basics -- Chapter 1 Understanding the Taxes You Pay -- Focusing on Total Taxes -- Recognizing the Importance of Your Marginal Tax Rate -- Defining Taxable Income -- Being Mindful of the Second Tax System: Alternative Minimum Tax -- Noting the Forever Changing Tax Laws -- The Tax Cuts and Jobs Act of 2017 -- The SECURE ACTs of 2019 & -- 2022 -- Possible upcoming changes -- Chapter 2 Trimming Your Taxes -- Reducing Taxes on Work Income -- Contributing to retirement investment plans -- Using health savings accounts -- Shifting some income -- Increasing Your Deductions -- Choosing standard or itemized deductions -- Purchasing real estate -- Trading consumer debt for mortgage debt -- Contributing to charities -- Remembering auto registration fees and state insurance -- Deducting self-employment expenses -- Lowering Investment Income Taxes -- Enlisting Education Tax Breaks -- Getting Help from Tax Resources -- Obtaining IRS assistance -- Consulting preparation and advice guides -- Using software and websites -- Hiring professional help -- Preparers -- Enrolled agents (EAs) -- Certified public accountants (CPAs) -- Tax attorneys -- Dealing with an Audit -- Part 2 Personal Finance and Taxes -- Chapter 3 Making Tax-Wise Personal Finance Decisions -- Including Taxes in Your Financial Planning -- Taxing Mistakes -- Seeking advice after a major decision -- Failing to withhold enough taxes -- Overlooking legitimate deductions -- Passing up retirement accounts -- Ignoring tax considerations when investing -- Not buying a home -- Allowing your political views to distort your decision-making -- Ignoring the financial aid (tax) system | |
505 | 8 | |a Neglecting the timing of events you can control -- Shifting income -- Bunching or shifting deductions -- Not using tax advisors effectively -- Comprehending the Causes of Bad Tax Decisions -- "Financial planners" and brokers' advice -- Advertising -- Advice from websites and publications -- Overspending -- Financial illiteracy -- Chapter 4 Maximizing Your Retirement Account -- Funding Your Retirement Accounts -- Starting your savings sooner -- Choosing retirement account investments -- Don't go overboard -- Gaining Tax Benefits -- Special tax credit for lower-income earners -- Tax-deferred compounding of investment earnings -- Naming the Types of Retirement Accounts -- Employer-sponsored plans -- 401(k) plans -- 403(b) plans -- SIMPLE plans -- Self-employed plans -- SEP-IRAs -- Self-employed/i401(k) plans -- Defined-benefit plans -- Individual Retirement Accounts (IRAs) -- "Regular" IRAs -- Nondeductible IRA contributions -- Roth IRAs -- Penalty-free IRA withdrawals -- Annuities -- Taxing Retirement Account Decisions -- Transferring existing retirement accounts -- Taking money out of retirement accounts -- Understanding early withdrawal penalties -- Chapter 5 Children and Taxes -- Raising Kids -- Getting Junior a Social Security number -- Taking advantage of childcare tax goodies -- Dependent-care tax credit -- Dependent-care spending accounts -- Child tax credit -- Adoption tax credit -- Tabulating the costs and benefits of a second income -- Navigating Education Tax Breaks and Pitfalls -- The (hidden) financial aid tax system -- College cost tax deductions -- Section 529 plans - state tuition plans -- Education Savings Accounts -- American Opportunity and Lifetime Learning Credits -- Taxes and paying for college -- Being Aware of Taxes on Your Kids' Investments -- Taxes for kids under 18 and dependent college students | |
505 | 8 | |a Tax-wise and not-so-wise investments for educational funds -- Invest in mutual funds and exchange-traded funds -- Think twice about Treasury bonds -- Don't bother with cash-value life insurance -- Make sure your money grows -- Chapter 6 Reducing Estate Taxes -- Figuring Whether You May Owe Estate Taxes -- Understanding the federal estate tax exemption and rate -- State estate and inheritance taxes -- Determining your taxable federal estate -- Reducing Expected Estate Taxes -- Giving it away -- Leaving all your assets to your spouse -- Establishing a bypass trust -- Buying cash-value life insurance -- Setting up trusts -- Living trusts -- Charitable trusts -- Getting advice and help -- Part 3 Your Investments and Taxes -- Chapter 7 Minimizing Your Taxes When Investing -- Taming Your Taxes in Non- Retirement Accounts -- Knowing what's taxed and when to worry -- Devising tax-reduction strategies -- Tapping into Tax-Reducing Investment Techniques -- Buy and hold for "long-term" capital gains -- Pay off high-interest debt -- Fund your retirement accounts -- Use tax-free money market and bond funds -- Invest in tax-friendly stock funds -- Greater fund distributions = more taxes! -- Timing of fund purchases affects tax bill -- Understanding the tax virtues of index funds -- Uncovering Tax-Favored Investments to Avoid -- Limited partnerships -- Cash-value life insurance -- Analyzing Annuities -- Selling Decisions -- Selling selected shares -- Selling securities with (large) capital gains -- Selling securities at a loss -- Selling mutual fund shares and the average cost method -- Selling stock options and taxes -- Selling securities whose costs are unknown -- Chapter 8 Understanding Your Investment Choices -- Slow and Steady Investment: Bonds -- Building Wealth with Ownership Vehicles -- Selecting stocks | |
505 | 8 | |a Discovering the relative advantages of mutual funds and exchange-traded funds (ETFs) -- Understanding exchange-traded funds, hedge funds, and managed accounts -- Investing in individual stocks -- Investing internationally in stocks -- Generating wealth with real estate -- Investing in small business -- Off the Beaten Path: Investment Odds and Ends -- Precious metals -- Bitcoin, Ethereum, and other cryptocurrencies -- Annuities -- Collectibles (including NFTs) -- Shunning Gambling and Get Rich Quick Vehicles -- Forsaking futures, options, and other derivatives -- Ditching day trading -- Sidestepping "get rich quick" schemes -- Chapter 9 Investing in Funds -- Understanding the Benefits of Mutual Funds and Exchange-Traded Funds -- Exploring Various Fund Types -- Money-market funds -- Bond funds -- Stock funds -- Mixing bonds and stocks: Balanced funds -- U.S., international, and global funds -- Index funds -- Specialty (sector) funds -- Selecting the Best Funds -- Reading prospectuses and annual reports -- Keeping costs low -- Eliminating loads -- Minimizing operating expenses -- Evaluating historic performance -- Assessing fund manager and fund family reputations -- Rating tax friendliness -- Determining your needs and goals -- Deciphering Your Fund's Performance -- Dividends -- Capital gains -- Share price changes -- Evaluating and Selling Your Funds -- Part 4 Small Business Tax Reduction -- Chapter 10 Small Business Taxes 101 -- Valuing Year-Round Tax Planning -- Factoring taxes into small business decisions -- Checking out common tax mistakes -- Seeking advice after an important decision -- Failing to withhold or submit enough taxes -- Missing legal deductions -- Forsaking retirement accounts -- Not owning real estate -- Neglecting the timing of events you can control -- Not using tax advisors effectively | |
505 | 8 | |a Noting How Corporate and Individual Tax Reform Impacts Small Business -- Checking out corporate income tax rate reduction and simplification -- Reducing individual income tax rates -- Noting 20 percent deduction for pass-through entities -- Enjoying better equipment expensing rules -- Increasing maximum depreciation deduction for automobiles -- Limiting interest deductions -- Reducing meal and entertainment deductions -- Eliminating the health insurance mandate -- Revising rules for using net operating losses -- Understanding How Businesses Are Taxed -- Chapter 11 Choosing Your Business Entity -- Sole Proprietorships -- Understanding the "solo" advantages -- Weighing the disadvantages of operating "solo" -- Deciding Whether to Incorporate -- Getting a handle on liability protection -- Investigating liability insurance -- Understanding corporate taxes -- Examining other incorporation considerations -- Knowing where to get advice -- One Step Further: S Corporations -- S corporation tax specifics -- S corporation requirements -- Partnerships -- Limited Liability Companies (LLCs) -- Chapter 12 Trimming Small Business Taxes -- Keeping Track of Your Small Business Revenues and Costs -- Separating business from personal finances -- Keeping current on income, employment/payroll, and sales taxes -- Documenting expenses and income in the event of an audit -- Reducing your taxes by legally shifting income and expenses -- Keeping Good Tax Records for Your Small Business -- Ensuring a complete and accurate tax return -- Setting up a record-keeping system -- Deciding when to stash and when to trash -- Watching out for state differences -- Replacing lost business records -- Calculating Whether a Deduction Is Worth Itemizing -- Checking Out the New, Simplified Home Office Deduction -- Qualifying for a home office deduction | |
505 | 8 | |a Understanding the downsides to home office deductions | |
776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Tyson, Eric |t Reducing Your Taxes for Dummies |d Newark : John Wiley & Sons, Incorporated,c2024 |z 9781394245727 |
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Datensatz im Suchindex
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adam_text | |
any_adam_object | |
author | Tyson, Eric |
author_facet | Tyson, Eric |
author_role | aut |
author_sort | Tyson, Eric |
author_variant | e t et |
building | Verbundindex |
bvnumber | BV049873987 |
collection | ZDB-30-PQE |
contents | Intro -- Title Page -- Copyright Page -- Table of Contents -- Introduction -- About This Book -- Foolish Assumptions -- Icons Used in This Book -- Beyond the Book -- Where to Go from Here -- Part 1 Tax Reduction Basics -- Chapter 1 Understanding the Taxes You Pay -- Focusing on Total Taxes -- Recognizing the Importance of Your Marginal Tax Rate -- Defining Taxable Income -- Being Mindful of the Second Tax System: Alternative Minimum Tax -- Noting the Forever Changing Tax Laws -- The Tax Cuts and Jobs Act of 2017 -- The SECURE ACTs of 2019 & -- 2022 -- Possible upcoming changes -- Chapter 2 Trimming Your Taxes -- Reducing Taxes on Work Income -- Contributing to retirement investment plans -- Using health savings accounts -- Shifting some income -- Increasing Your Deductions -- Choosing standard or itemized deductions -- Purchasing real estate -- Trading consumer debt for mortgage debt -- Contributing to charities -- Remembering auto registration fees and state insurance -- Deducting self-employment expenses -- Lowering Investment Income Taxes -- Enlisting Education Tax Breaks -- Getting Help from Tax Resources -- Obtaining IRS assistance -- Consulting preparation and advice guides -- Using software and websites -- Hiring professional help -- Preparers -- Enrolled agents (EAs) -- Certified public accountants (CPAs) -- Tax attorneys -- Dealing with an Audit -- Part 2 Personal Finance and Taxes -- Chapter 3 Making Tax-Wise Personal Finance Decisions -- Including Taxes in Your Financial Planning -- Taxing Mistakes -- Seeking advice after a major decision -- Failing to withhold enough taxes -- Overlooking legitimate deductions -- Passing up retirement accounts -- Ignoring tax considerations when investing -- Not buying a home -- Allowing your political views to distort your decision-making -- Ignoring the financial aid (tax) system Neglecting the timing of events you can control -- Shifting income -- Bunching or shifting deductions -- Not using tax advisors effectively -- Comprehending the Causes of Bad Tax Decisions -- "Financial planners" and brokers' advice -- Advertising -- Advice from websites and publications -- Overspending -- Financial illiteracy -- Chapter 4 Maximizing Your Retirement Account -- Funding Your Retirement Accounts -- Starting your savings sooner -- Choosing retirement account investments -- Don't go overboard -- Gaining Tax Benefits -- Special tax credit for lower-income earners -- Tax-deferred compounding of investment earnings -- Naming the Types of Retirement Accounts -- Employer-sponsored plans -- 401(k) plans -- 403(b) plans -- SIMPLE plans -- Self-employed plans -- SEP-IRAs -- Self-employed/i401(k) plans -- Defined-benefit plans -- Individual Retirement Accounts (IRAs) -- "Regular" IRAs -- Nondeductible IRA contributions -- Roth IRAs -- Penalty-free IRA withdrawals -- Annuities -- Taxing Retirement Account Decisions -- Transferring existing retirement accounts -- Taking money out of retirement accounts -- Understanding early withdrawal penalties -- Chapter 5 Children and Taxes -- Raising Kids -- Getting Junior a Social Security number -- Taking advantage of childcare tax goodies -- Dependent-care tax credit -- Dependent-care spending accounts -- Child tax credit -- Adoption tax credit -- Tabulating the costs and benefits of a second income -- Navigating Education Tax Breaks and Pitfalls -- The (hidden) financial aid tax system -- College cost tax deductions -- Section 529 plans - state tuition plans -- Education Savings Accounts -- American Opportunity and Lifetime Learning Credits -- Taxes and paying for college -- Being Aware of Taxes on Your Kids' Investments -- Taxes for kids under 18 and dependent college students Tax-wise and not-so-wise investments for educational funds -- Invest in mutual funds and exchange-traded funds -- Think twice about Treasury bonds -- Don't bother with cash-value life insurance -- Make sure your money grows -- Chapter 6 Reducing Estate Taxes -- Figuring Whether You May Owe Estate Taxes -- Understanding the federal estate tax exemption and rate -- State estate and inheritance taxes -- Determining your taxable federal estate -- Reducing Expected Estate Taxes -- Giving it away -- Leaving all your assets to your spouse -- Establishing a bypass trust -- Buying cash-value life insurance -- Setting up trusts -- Living trusts -- Charitable trusts -- Getting advice and help -- Part 3 Your Investments and Taxes -- Chapter 7 Minimizing Your Taxes When Investing -- Taming Your Taxes in Non- Retirement Accounts -- Knowing what's taxed and when to worry -- Devising tax-reduction strategies -- Tapping into Tax-Reducing Investment Techniques -- Buy and hold for "long-term" capital gains -- Pay off high-interest debt -- Fund your retirement accounts -- Use tax-free money market and bond funds -- Invest in tax-friendly stock funds -- Greater fund distributions = more taxes! -- Timing of fund purchases affects tax bill -- Understanding the tax virtues of index funds -- Uncovering Tax-Favored Investments to Avoid -- Limited partnerships -- Cash-value life insurance -- Analyzing Annuities -- Selling Decisions -- Selling selected shares -- Selling securities with (large) capital gains -- Selling securities at a loss -- Selling mutual fund shares and the average cost method -- Selling stock options and taxes -- Selling securities whose costs are unknown -- Chapter 8 Understanding Your Investment Choices -- Slow and Steady Investment: Bonds -- Building Wealth with Ownership Vehicles -- Selecting stocks Discovering the relative advantages of mutual funds and exchange-traded funds (ETFs) -- Understanding exchange-traded funds, hedge funds, and managed accounts -- Investing in individual stocks -- Investing internationally in stocks -- Generating wealth with real estate -- Investing in small business -- Off the Beaten Path: Investment Odds and Ends -- Precious metals -- Bitcoin, Ethereum, and other cryptocurrencies -- Annuities -- Collectibles (including NFTs) -- Shunning Gambling and Get Rich Quick Vehicles -- Forsaking futures, options, and other derivatives -- Ditching day trading -- Sidestepping "get rich quick" schemes -- Chapter 9 Investing in Funds -- Understanding the Benefits of Mutual Funds and Exchange-Traded Funds -- Exploring Various Fund Types -- Money-market funds -- Bond funds -- Stock funds -- Mixing bonds and stocks: Balanced funds -- U.S., international, and global funds -- Index funds -- Specialty (sector) funds -- Selecting the Best Funds -- Reading prospectuses and annual reports -- Keeping costs low -- Eliminating loads -- Minimizing operating expenses -- Evaluating historic performance -- Assessing fund manager and fund family reputations -- Rating tax friendliness -- Determining your needs and goals -- Deciphering Your Fund's Performance -- Dividends -- Capital gains -- Share price changes -- Evaluating and Selling Your Funds -- Part 4 Small Business Tax Reduction -- Chapter 10 Small Business Taxes 101 -- Valuing Year-Round Tax Planning -- Factoring taxes into small business decisions -- Checking out common tax mistakes -- Seeking advice after an important decision -- Failing to withhold or submit enough taxes -- Missing legal deductions -- Forsaking retirement accounts -- Not owning real estate -- Neglecting the timing of events you can control -- Not using tax advisors effectively Noting How Corporate and Individual Tax Reform Impacts Small Business -- Checking out corporate income tax rate reduction and simplification -- Reducing individual income tax rates -- Noting 20 percent deduction for pass-through entities -- Enjoying better equipment expensing rules -- Increasing maximum depreciation deduction for automobiles -- Limiting interest deductions -- Reducing meal and entertainment deductions -- Eliminating the health insurance mandate -- Revising rules for using net operating losses -- Understanding How Businesses Are Taxed -- Chapter 11 Choosing Your Business Entity -- Sole Proprietorships -- Understanding the "solo" advantages -- Weighing the disadvantages of operating "solo" -- Deciding Whether to Incorporate -- Getting a handle on liability protection -- Investigating liability insurance -- Understanding corporate taxes -- Examining other incorporation considerations -- Knowing where to get advice -- One Step Further: S Corporations -- S corporation tax specifics -- S corporation requirements -- Partnerships -- Limited Liability Companies (LLCs) -- Chapter 12 Trimming Small Business Taxes -- Keeping Track of Your Small Business Revenues and Costs -- Separating business from personal finances -- Keeping current on income, employment/payroll, and sales taxes -- Documenting expenses and income in the event of an audit -- Reducing your taxes by legally shifting income and expenses -- Keeping Good Tax Records for Your Small Business -- Ensuring a complete and accurate tax return -- Setting up a record-keeping system -- Deciding when to stash and when to trash -- Watching out for state differences -- Replacing lost business records -- Calculating Whether a Deduction Is Worth Itemizing -- Checking Out the New, Simplified Home Office Deduction -- Qualifying for a home office deduction Understanding the downsides to home office deductions |
ctrlnum | (ZDB-30-PQE)EBC31227195 (ZDB-30-PAD)EBC31227195 (ZDB-89-EBL)EBL31227195 (OCoLC)1427689968 (DE-599)BVBBV049873987 |
dewey-full | 336.206 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 336 - Public finance |
dewey-raw | 336.206 |
dewey-search | 336.206 |
dewey-sort | 3336.206 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
edition | 1st ed |
format | Electronic eBook |
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id | DE-604.BV049873987 |
illustrated | Not Illustrated |
indexdate | 2024-09-19T05:21:49Z |
institution | BVB |
isbn | 9781394245741 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035213445 |
oclc_num | 1427689968 |
open_access_boolean | |
owner | DE-2070s |
owner_facet | DE-2070s |
physical | 1 Online-Ressource (339 Seiten) |
psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE |
publishDate | 2024 |
publishDateSearch | 2024 |
publishDateSort | 2024 |
publisher | John Wiley & Sons, Incorporated |
record_format | marc |
spelling | Tyson, Eric Verfasser aut Reducing Your Taxes for Dummies 1st ed Newark John Wiley & Sons, Incorporated 2024 ©2024 1 Online-Ressource (339 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- Title Page -- Copyright Page -- Table of Contents -- Introduction -- About This Book -- Foolish Assumptions -- Icons Used in This Book -- Beyond the Book -- Where to Go from Here -- Part 1 Tax Reduction Basics -- Chapter 1 Understanding the Taxes You Pay -- Focusing on Total Taxes -- Recognizing the Importance of Your Marginal Tax Rate -- Defining Taxable Income -- Being Mindful of the Second Tax System: Alternative Minimum Tax -- Noting the Forever Changing Tax Laws -- The Tax Cuts and Jobs Act of 2017 -- The SECURE ACTs of 2019 & -- 2022 -- Possible upcoming changes -- Chapter 2 Trimming Your Taxes -- Reducing Taxes on Work Income -- Contributing to retirement investment plans -- Using health savings accounts -- Shifting some income -- Increasing Your Deductions -- Choosing standard or itemized deductions -- Purchasing real estate -- Trading consumer debt for mortgage debt -- Contributing to charities -- Remembering auto registration fees and state insurance -- Deducting self-employment expenses -- Lowering Investment Income Taxes -- Enlisting Education Tax Breaks -- Getting Help from Tax Resources -- Obtaining IRS assistance -- Consulting preparation and advice guides -- Using software and websites -- Hiring professional help -- Preparers -- Enrolled agents (EAs) -- Certified public accountants (CPAs) -- Tax attorneys -- Dealing with an Audit -- Part 2 Personal Finance and Taxes -- Chapter 3 Making Tax-Wise Personal Finance Decisions -- Including Taxes in Your Financial Planning -- Taxing Mistakes -- Seeking advice after a major decision -- Failing to withhold enough taxes -- Overlooking legitimate deductions -- Passing up retirement accounts -- Ignoring tax considerations when investing -- Not buying a home -- Allowing your political views to distort your decision-making -- Ignoring the financial aid (tax) system Neglecting the timing of events you can control -- Shifting income -- Bunching or shifting deductions -- Not using tax advisors effectively -- Comprehending the Causes of Bad Tax Decisions -- "Financial planners" and brokers' advice -- Advertising -- Advice from websites and publications -- Overspending -- Financial illiteracy -- Chapter 4 Maximizing Your Retirement Account -- Funding Your Retirement Accounts -- Starting your savings sooner -- Choosing retirement account investments -- Don't go overboard -- Gaining Tax Benefits -- Special tax credit for lower-income earners -- Tax-deferred compounding of investment earnings -- Naming the Types of Retirement Accounts -- Employer-sponsored plans -- 401(k) plans -- 403(b) plans -- SIMPLE plans -- Self-employed plans -- SEP-IRAs -- Self-employed/i401(k) plans -- Defined-benefit plans -- Individual Retirement Accounts (IRAs) -- "Regular" IRAs -- Nondeductible IRA contributions -- Roth IRAs -- Penalty-free IRA withdrawals -- Annuities -- Taxing Retirement Account Decisions -- Transferring existing retirement accounts -- Taking money out of retirement accounts -- Understanding early withdrawal penalties -- Chapter 5 Children and Taxes -- Raising Kids -- Getting Junior a Social Security number -- Taking advantage of childcare tax goodies -- Dependent-care tax credit -- Dependent-care spending accounts -- Child tax credit -- Adoption tax credit -- Tabulating the costs and benefits of a second income -- Navigating Education Tax Breaks and Pitfalls -- The (hidden) financial aid tax system -- College cost tax deductions -- Section 529 plans - state tuition plans -- Education Savings Accounts -- American Opportunity and Lifetime Learning Credits -- Taxes and paying for college -- Being Aware of Taxes on Your Kids' Investments -- Taxes for kids under 18 and dependent college students Tax-wise and not-so-wise investments for educational funds -- Invest in mutual funds and exchange-traded funds -- Think twice about Treasury bonds -- Don't bother with cash-value life insurance -- Make sure your money grows -- Chapter 6 Reducing Estate Taxes -- Figuring Whether You May Owe Estate Taxes -- Understanding the federal estate tax exemption and rate -- State estate and inheritance taxes -- Determining your taxable federal estate -- Reducing Expected Estate Taxes -- Giving it away -- Leaving all your assets to your spouse -- Establishing a bypass trust -- Buying cash-value life insurance -- Setting up trusts -- Living trusts -- Charitable trusts -- Getting advice and help -- Part 3 Your Investments and Taxes -- Chapter 7 Minimizing Your Taxes When Investing -- Taming Your Taxes in Non- Retirement Accounts -- Knowing what's taxed and when to worry -- Devising tax-reduction strategies -- Tapping into Tax-Reducing Investment Techniques -- Buy and hold for "long-term" capital gains -- Pay off high-interest debt -- Fund your retirement accounts -- Use tax-free money market and bond funds -- Invest in tax-friendly stock funds -- Greater fund distributions = more taxes! -- Timing of fund purchases affects tax bill -- Understanding the tax virtues of index funds -- Uncovering Tax-Favored Investments to Avoid -- Limited partnerships -- Cash-value life insurance -- Analyzing Annuities -- Selling Decisions -- Selling selected shares -- Selling securities with (large) capital gains -- Selling securities at a loss -- Selling mutual fund shares and the average cost method -- Selling stock options and taxes -- Selling securities whose costs are unknown -- Chapter 8 Understanding Your Investment Choices -- Slow and Steady Investment: Bonds -- Building Wealth with Ownership Vehicles -- Selecting stocks Discovering the relative advantages of mutual funds and exchange-traded funds (ETFs) -- Understanding exchange-traded funds, hedge funds, and managed accounts -- Investing in individual stocks -- Investing internationally in stocks -- Generating wealth with real estate -- Investing in small business -- Off the Beaten Path: Investment Odds and Ends -- Precious metals -- Bitcoin, Ethereum, and other cryptocurrencies -- Annuities -- Collectibles (including NFTs) -- Shunning Gambling and Get Rich Quick Vehicles -- Forsaking futures, options, and other derivatives -- Ditching day trading -- Sidestepping "get rich quick" schemes -- Chapter 9 Investing in Funds -- Understanding the Benefits of Mutual Funds and Exchange-Traded Funds -- Exploring Various Fund Types -- Money-market funds -- Bond funds -- Stock funds -- Mixing bonds and stocks: Balanced funds -- U.S., international, and global funds -- Index funds -- Specialty (sector) funds -- Selecting the Best Funds -- Reading prospectuses and annual reports -- Keeping costs low -- Eliminating loads -- Minimizing operating expenses -- Evaluating historic performance -- Assessing fund manager and fund family reputations -- Rating tax friendliness -- Determining your needs and goals -- Deciphering Your Fund's Performance -- Dividends -- Capital gains -- Share price changes -- Evaluating and Selling Your Funds -- Part 4 Small Business Tax Reduction -- Chapter 10 Small Business Taxes 101 -- Valuing Year-Round Tax Planning -- Factoring taxes into small business decisions -- Checking out common tax mistakes -- Seeking advice after an important decision -- Failing to withhold or submit enough taxes -- Missing legal deductions -- Forsaking retirement accounts -- Not owning real estate -- Neglecting the timing of events you can control -- Not using tax advisors effectively Noting How Corporate and Individual Tax Reform Impacts Small Business -- Checking out corporate income tax rate reduction and simplification -- Reducing individual income tax rates -- Noting 20 percent deduction for pass-through entities -- Enjoying better equipment expensing rules -- Increasing maximum depreciation deduction for automobiles -- Limiting interest deductions -- Reducing meal and entertainment deductions -- Eliminating the health insurance mandate -- Revising rules for using net operating losses -- Understanding How Businesses Are Taxed -- Chapter 11 Choosing Your Business Entity -- Sole Proprietorships -- Understanding the "solo" advantages -- Weighing the disadvantages of operating "solo" -- Deciding Whether to Incorporate -- Getting a handle on liability protection -- Investigating liability insurance -- Understanding corporate taxes -- Examining other incorporation considerations -- Knowing where to get advice -- One Step Further: S Corporations -- S corporation tax specifics -- S corporation requirements -- Partnerships -- Limited Liability Companies (LLCs) -- Chapter 12 Trimming Small Business Taxes -- Keeping Track of Your Small Business Revenues and Costs -- Separating business from personal finances -- Keeping current on income, employment/payroll, and sales taxes -- Documenting expenses and income in the event of an audit -- Reducing your taxes by legally shifting income and expenses -- Keeping Good Tax Records for Your Small Business -- Ensuring a complete and accurate tax return -- Setting up a record-keeping system -- Deciding when to stash and when to trash -- Watching out for state differences -- Replacing lost business records -- Calculating Whether a Deduction Is Worth Itemizing -- Checking Out the New, Simplified Home Office Deduction -- Qualifying for a home office deduction Understanding the downsides to home office deductions Erscheint auch als Druck-Ausgabe Tyson, Eric Reducing Your Taxes for Dummies Newark : John Wiley & Sons, Incorporated,c2024 9781394245727 |
spellingShingle | Tyson, Eric Reducing Your Taxes for Dummies Intro -- Title Page -- Copyright Page -- Table of Contents -- Introduction -- About This Book -- Foolish Assumptions -- Icons Used in This Book -- Beyond the Book -- Where to Go from Here -- Part 1 Tax Reduction Basics -- Chapter 1 Understanding the Taxes You Pay -- Focusing on Total Taxes -- Recognizing the Importance of Your Marginal Tax Rate -- Defining Taxable Income -- Being Mindful of the Second Tax System: Alternative Minimum Tax -- Noting the Forever Changing Tax Laws -- The Tax Cuts and Jobs Act of 2017 -- The SECURE ACTs of 2019 & -- 2022 -- Possible upcoming changes -- Chapter 2 Trimming Your Taxes -- Reducing Taxes on Work Income -- Contributing to retirement investment plans -- Using health savings accounts -- Shifting some income -- Increasing Your Deductions -- Choosing standard or itemized deductions -- Purchasing real estate -- Trading consumer debt for mortgage debt -- Contributing to charities -- Remembering auto registration fees and state insurance -- Deducting self-employment expenses -- Lowering Investment Income Taxes -- Enlisting Education Tax Breaks -- Getting Help from Tax Resources -- Obtaining IRS assistance -- Consulting preparation and advice guides -- Using software and websites -- Hiring professional help -- Preparers -- Enrolled agents (EAs) -- Certified public accountants (CPAs) -- Tax attorneys -- Dealing with an Audit -- Part 2 Personal Finance and Taxes -- Chapter 3 Making Tax-Wise Personal Finance Decisions -- Including Taxes in Your Financial Planning -- Taxing Mistakes -- Seeking advice after a major decision -- Failing to withhold enough taxes -- Overlooking legitimate deductions -- Passing up retirement accounts -- Ignoring tax considerations when investing -- Not buying a home -- Allowing your political views to distort your decision-making -- Ignoring the financial aid (tax) system Neglecting the timing of events you can control -- Shifting income -- Bunching or shifting deductions -- Not using tax advisors effectively -- Comprehending the Causes of Bad Tax Decisions -- "Financial planners" and brokers' advice -- Advertising -- Advice from websites and publications -- Overspending -- Financial illiteracy -- Chapter 4 Maximizing Your Retirement Account -- Funding Your Retirement Accounts -- Starting your savings sooner -- Choosing retirement account investments -- Don't go overboard -- Gaining Tax Benefits -- Special tax credit for lower-income earners -- Tax-deferred compounding of investment earnings -- Naming the Types of Retirement Accounts -- Employer-sponsored plans -- 401(k) plans -- 403(b) plans -- SIMPLE plans -- Self-employed plans -- SEP-IRAs -- Self-employed/i401(k) plans -- Defined-benefit plans -- Individual Retirement Accounts (IRAs) -- "Regular" IRAs -- Nondeductible IRA contributions -- Roth IRAs -- Penalty-free IRA withdrawals -- Annuities -- Taxing Retirement Account Decisions -- Transferring existing retirement accounts -- Taking money out of retirement accounts -- Understanding early withdrawal penalties -- Chapter 5 Children and Taxes -- Raising Kids -- Getting Junior a Social Security number -- Taking advantage of childcare tax goodies -- Dependent-care tax credit -- Dependent-care spending accounts -- Child tax credit -- Adoption tax credit -- Tabulating the costs and benefits of a second income -- Navigating Education Tax Breaks and Pitfalls -- The (hidden) financial aid tax system -- College cost tax deductions -- Section 529 plans - state tuition plans -- Education Savings Accounts -- American Opportunity and Lifetime Learning Credits -- Taxes and paying for college -- Being Aware of Taxes on Your Kids' Investments -- Taxes for kids under 18 and dependent college students Tax-wise and not-so-wise investments for educational funds -- Invest in mutual funds and exchange-traded funds -- Think twice about Treasury bonds -- Don't bother with cash-value life insurance -- Make sure your money grows -- Chapter 6 Reducing Estate Taxes -- Figuring Whether You May Owe Estate Taxes -- Understanding the federal estate tax exemption and rate -- State estate and inheritance taxes -- Determining your taxable federal estate -- Reducing Expected Estate Taxes -- Giving it away -- Leaving all your assets to your spouse -- Establishing a bypass trust -- Buying cash-value life insurance -- Setting up trusts -- Living trusts -- Charitable trusts -- Getting advice and help -- Part 3 Your Investments and Taxes -- Chapter 7 Minimizing Your Taxes When Investing -- Taming Your Taxes in Non- Retirement Accounts -- Knowing what's taxed and when to worry -- Devising tax-reduction strategies -- Tapping into Tax-Reducing Investment Techniques -- Buy and hold for "long-term" capital gains -- Pay off high-interest debt -- Fund your retirement accounts -- Use tax-free money market and bond funds -- Invest in tax-friendly stock funds -- Greater fund distributions = more taxes! -- Timing of fund purchases affects tax bill -- Understanding the tax virtues of index funds -- Uncovering Tax-Favored Investments to Avoid -- Limited partnerships -- Cash-value life insurance -- Analyzing Annuities -- Selling Decisions -- Selling selected shares -- Selling securities with (large) capital gains -- Selling securities at a loss -- Selling mutual fund shares and the average cost method -- Selling stock options and taxes -- Selling securities whose costs are unknown -- Chapter 8 Understanding Your Investment Choices -- Slow and Steady Investment: Bonds -- Building Wealth with Ownership Vehicles -- Selecting stocks Discovering the relative advantages of mutual funds and exchange-traded funds (ETFs) -- Understanding exchange-traded funds, hedge funds, and managed accounts -- Investing in individual stocks -- Investing internationally in stocks -- Generating wealth with real estate -- Investing in small business -- Off the Beaten Path: Investment Odds and Ends -- Precious metals -- Bitcoin, Ethereum, and other cryptocurrencies -- Annuities -- Collectibles (including NFTs) -- Shunning Gambling and Get Rich Quick Vehicles -- Forsaking futures, options, and other derivatives -- Ditching day trading -- Sidestepping "get rich quick" schemes -- Chapter 9 Investing in Funds -- Understanding the Benefits of Mutual Funds and Exchange-Traded Funds -- Exploring Various Fund Types -- Money-market funds -- Bond funds -- Stock funds -- Mixing bonds and stocks: Balanced funds -- U.S., international, and global funds -- Index funds -- Specialty (sector) funds -- Selecting the Best Funds -- Reading prospectuses and annual reports -- Keeping costs low -- Eliminating loads -- Minimizing operating expenses -- Evaluating historic performance -- Assessing fund manager and fund family reputations -- Rating tax friendliness -- Determining your needs and goals -- Deciphering Your Fund's Performance -- Dividends -- Capital gains -- Share price changes -- Evaluating and Selling Your Funds -- Part 4 Small Business Tax Reduction -- Chapter 10 Small Business Taxes 101 -- Valuing Year-Round Tax Planning -- Factoring taxes into small business decisions -- Checking out common tax mistakes -- Seeking advice after an important decision -- Failing to withhold or submit enough taxes -- Missing legal deductions -- Forsaking retirement accounts -- Not owning real estate -- Neglecting the timing of events you can control -- Not using tax advisors effectively Noting How Corporate and Individual Tax Reform Impacts Small Business -- Checking out corporate income tax rate reduction and simplification -- Reducing individual income tax rates -- Noting 20 percent deduction for pass-through entities -- Enjoying better equipment expensing rules -- Increasing maximum depreciation deduction for automobiles -- Limiting interest deductions -- Reducing meal and entertainment deductions -- Eliminating the health insurance mandate -- Revising rules for using net operating losses -- Understanding How Businesses Are Taxed -- Chapter 11 Choosing Your Business Entity -- Sole Proprietorships -- Understanding the "solo" advantages -- Weighing the disadvantages of operating "solo" -- Deciding Whether to Incorporate -- Getting a handle on liability protection -- Investigating liability insurance -- Understanding corporate taxes -- Examining other incorporation considerations -- Knowing where to get advice -- One Step Further: S Corporations -- S corporation tax specifics -- S corporation requirements -- Partnerships -- Limited Liability Companies (LLCs) -- Chapter 12 Trimming Small Business Taxes -- Keeping Track of Your Small Business Revenues and Costs -- Separating business from personal finances -- Keeping current on income, employment/payroll, and sales taxes -- Documenting expenses and income in the event of an audit -- Reducing your taxes by legally shifting income and expenses -- Keeping Good Tax Records for Your Small Business -- Ensuring a complete and accurate tax return -- Setting up a record-keeping system -- Deciding when to stash and when to trash -- Watching out for state differences -- Replacing lost business records -- Calculating Whether a Deduction Is Worth Itemizing -- Checking Out the New, Simplified Home Office Deduction -- Qualifying for a home office deduction Understanding the downsides to home office deductions |
title | Reducing Your Taxes for Dummies |
title_auth | Reducing Your Taxes for Dummies |
title_exact_search | Reducing Your Taxes for Dummies |
title_full | Reducing Your Taxes for Dummies |
title_fullStr | Reducing Your Taxes for Dummies |
title_full_unstemmed | Reducing Your Taxes for Dummies |
title_short | Reducing Your Taxes for Dummies |
title_sort | reducing your taxes for dummies |
work_keys_str_mv | AT tysoneric reducingyourtaxesfordummies |