THE WALL STREET JOURNAL. Friday, March 13, 2020 |B5
■TheALL-NEWchange that will
instantly help 70% of Americans!
Chapter 1 explains how easy it is
to cash in.■Get a 100 percent write-off
buying a new business car your
irst year! See Tip #61.■Get the government to help
pay your energy bill. Tip #30 is
HUGE!■The most overlooked tax
deduction many accountants
don’t even know. Tip #5.■How you can still deduct the
mortgage interest on TWO
homes! Tip #12 reveals the
details.■ALL NEW! Take $10,000 of
distributions from 529s to
help cover the cost of home
schooling. Tip #184 shows you
how.■Do you drive for Uber or use
your car for work? Tip #78
steers you to the biggest
deduction.■Get more money back for each
qualifying child you have under 17.
Chapter 1 shows you how.■A better way to save for college.
Tip #168 could help millions.■13 tax no-nos that could
trigger an audit. The full list
and explanations are yours in
Chapter 12.■ALL NEW! Deduct more
for medical expenses! Thethreshold for medical expenses
plummets by 25%!■Why you should never, ever
donate your car no matter how
worthwhile the organization.
Tip #111.■3 deductions that usually slip
right past the IRS. This is Tip #1
for a reason!■Collect rent payments the IRS
doesn’t count as income. TIP #43
lets you earn extra cash tax-free!■Cosmetic surgery costs you
can legally deduct. TIP #207
explains.■Deduct medical costs for
a dependent who isn’t a
dependent. TIP #80.■Get the IRS to waive penalties
for mistakes you made on your
taxes. Everyone needs
to know TIP #190.■Make a bundle of money helping
the IRS. Check out TIP #226.■3 big state-tax deductions
most people miss — including
tax pros! The amount you’re
deducting can easily add up
to thousands of dollars. Don’t
miss TIP #9.■Are you caring for a loved one?
Maybe your parents still live on
their own, but you’re stopping
by a few times a day to help
with medications or to bring
them food. Or maybe you had
your dad move in with you. The
government will pay you to takecare of any family members
in need. And the income isn’t
taxable. You pay zero taxes on
the money you earn. TIP #96 is a
true blessing.■Worried about having enough
money for retirement? TIP
#148 shows you how to boost
the income in your Social
Security account.■The most overlooked
tax deduction — I’ve met
accountants who don’t know
this. If you’ve got an RV,
motorcycle, boat or other “toy,”
TIP #5 reveals the deduction you
can take — right down to the line
on schedule A where you’ll put
the dollar amount!■Thinking of reinancing?
Beware: The new law only
allows you to deduct the
interest on the original loan
balance. TIP #12 could save
you from making an expensive
mistake.■ALLNEW! Give your child the
very best education whether
you want to send them to private
school or home school. TIP #184
is a godsend that shows you
how to help cover the cost for
materials, tutors, and more.■Get Uncle Sam to help pay your
energy bill. TIP #30 shows you
how to get your hands on this
money — and even how it can
make you extra cash when you
sell your home.■Get tax-free money in
retirement! TIP #125 shows you
how to put away money for
retirement you can take out
without paying taxes — and you
don’t have to take those pesky
required minimum distributions.
Another bonus? Any money left
goes to your heirs tax-free!■The medical deduction you’re
probably missing. Buried deep
in the tax code is this gem
that lets you legally deduct
the cost of medical travel! TIP
#87 shows you how to deduct
hotel stays for out-of-town
care, miles driving to and from
doctors, therapists, labs, and
more.■Give your grandkids money for
college without paying a dime in
gift taxes. If you follow TIP #163,
it lets you give them as much
as you want without paying gift
taxes.■Do you prepare your own
taxes? TIP #220 reveals the 9
adjustments you’re probably
missing on your 1040 form.
These hidden adjustments
could help you save a bundle.■Pay zero taxes on required
minimum distributions (RMDs).
When you reach the age of
72½ you must start taking
distributions from your IRA.
Since you didn’t pay taxes when
you put the money in, you have
to pay up when you take the
money out — unless you know
the special provision revealed inPLUS: Money-Saving Secrets
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