• A homebuyer credit for first-timers and long-time residents that’s fully refundable (payable to you even if it’s more than your tax bill).
• A new tax credit for higher education, 40% of which is refundable.
• A credit for making energy improvements to your home, such as adding insulation and storm windows or solar panels and heat pumps.
• Roth IRA conversions after 2009 if your income bars you from making one in 2009.
• Tax-free income opportunities, from cash-for-clunkers to withdrawals from 529 college savings plans to pay for computers and Internet access.

Product Description

Straightforward explanations of the new tax laws

Things have changed radically in the world of housing, education, employment, and other areas where a firm understanding taxes can benefit you financially. While these changes can, and will, have a dramatic effect on taxpayers, all is not lost. J.K. Lasser provides the tips and tools needed to gain a better grip of what is going on and help you save money on your 2009 return as well as 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 simple 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.

• Outlines various tax relief strategies
• Filled with numerous examples and tables
• Helps you understand and utilize the new tax programs and regulations that have been passed

While you may be concerned with the current state of the economic 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 Laws Simplified 2010.