New Taxation Strategies Set to Impact Individual Finances Dramatically
The article "McGraw-Hill's Taxation of Individuals" provides a comprehensive guide to understanding taxes for individuals. It covers topics like tax basics, individual taxation, business transactions, and specialized topics such as compensation and retirement savings. The goal is to help readers navigate the complex world of taxes, including tax planning strategies and compliance with the IRS. Key findings include information on gross income, deductions, tax credits, property transactions, investments, and tax consequences of home ownership. The article also includes practical tools like tax forms, a glossary of tax terms, and comprehensive tax return problems for hands-on learning.