The complete guide to all deductions and credits for individual taxpayers. J.K. Lasser's 1001 Deductions and Tax Breaks shows just how much money individuals can save on their taxes--legally--simply by taking advantage of what's out there. Millions of Americans overpay their taxes by billions of dollars every year, because constantly evolving laws and regulations make keeping track of deductions and breaks next to impossible for the everyday taxpayer. This book helps individuals put a stop to overpayment so they can keep more of their hard-earned money. J.K. Lasser has compiled a complete list of every possible deduction and credit available to American taxpayers, and provides clear, easy-to-follow instructions for claiming what is rightfully yours. Fully updated to reflect the latest rulings and laws--including an e-supplement with the latest tax developments from the IRS and Congress--this book answers all of your "Can I claim..." questions with guidance from the nation's most trusted tax advisors.