New Tax Books: Friday, February 7

It’s everyone’s favorite time of year: tax season! While paying taxes is never fun, it is at least satisfying to know that you’re paying only what you owe, and not more than that. To help you with preparing your taxes, Macedon Public Library has some new tax guides. Whatever your situation, why not stop by and check out one of these brand-new books to help answer your questions and get your taxes submitted quickly and efficiently.

Deduct It: Lower Your Small Business Taxes

Deduct It! shows you how to maximize your business deductions—quickly, easily, and legally. Whether your business is just starting or well established, this book is indispensable to your financial success. Learn the rules for deducting: net operating losses, state income taxes with a pass-through entity, and cryptocurrency given to a charity. This book also has updated information on Section 179 expensing and everything you need to know about the 20% pass-through deduction. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over—especially if the newly beefed-up IRS comes calling.

Every Landlord’s Tax Deduction Guide

Rental real estate provides more tax benefits than almost any other investment. Every Landlord’s Tax Deduction Guide is the only book that focuses exclusively on IRS rules and deductions for landlords. The book covers the Tax Cuts and Jobs Act, including the new 20 percent pass-through deduction and other changes that are particularly beneficial to landlords. Learn about landlord tax classifications, reporting rental income, hiring workers and depreciation. Find out how to: handle casualty and theft losses, distinguish between repairs and improvements, deduct home office, car, travel and meals, keep proper tax records and much more.

J.K. Lasser’s Your Income Tax 2025: For Preparing Your 2024 Tax Return

J.K. Lasser’s Your Income Tax 2025: For Preparing Your 2024 Tax Return delivers practical and hands-on guidance for everyday people preparing to file their taxes for the 2024 calendar year. You’ll find timely and up-to-date info about the latest changes to the US tax code, as well as worksheets and forms you can use to make filing your taxes easier. You’ll get the most current insight on how to maximize your credits and deductions, keeping more money in your pocket.