1040 Quickfinder Handbook

Your trusted 1040 tax book for quick reference tax answers

The 1040 Quickfinder Handbook is your trusted source for quick reference to tax principles that apply when preparing individual income tax returns. It covers all aspects of preparing a Form 1040, including tax law changes and IRS developments, and is presented in a concise, easy-to-use format.

The 1040 book depended on by tax and accounting professionals

With the 1040 Quickfinder Handbook, you’ll be on top of the ever-changing tax rules that apply to your individual client returns. Whether determining how the tax rules apply to a particular transaction or event, or how to report a particular tax item on the return, or simply looking up an amount or rate, the Handbook gets you the accurate answers you need quickly. Here’s what you’ll get with this useful tool: 

• Material that’s organized in a unique tab structure based on the IRS tax forms and schedules
• Loads of quick reference tables and charts get you the answers you’re looking for quickly
• Examples throughout that illustrate how the tax rules apply and how to report items on the return
• A What’s New tab that summarizes significant current-year tax changes that are addressed throughout the Handbook, so you can quickly get up to speed on what’s changed
• References throughout the Handbook to relevant Internal Revenue Code sections, IRS regulations and rulings, and court cases so you can dig deeper into a subject if needed

See information above for new edition availability. To order the current or prior tax year editions, please call us at 800-431-9025.

• 1040 Quickfinder Handbook
  • 2022 Key Amounts
  • 2022 Quick Tax Method
  • 2022 AGI Phase-Out Amounts/Ranges
  • QBI Deduction—Taxable Income Thresholds (2022)
  • Social Security Key Amounts
  • 2022 Itemized Deductions
  • Tax Rules By Age for 2022
• Tab 1—2022 Tax Table and EIC Table
  • 2022 Tax Table
  • 2022 Tax Computation Worksheet
  • 2022 Earned Income Credit (EIC) Table
• Tab 2—2022 States Quick Reference
  • State Individual Income Tax Quick Reference Chart (2022)
  • General
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming
• Tab 3—Quick Facts, Worksheets, Where to File
  • Quick Facts Data Sheet
  • Business Use of Home Worksheet
  • Capital Loss Carryover Worksheet (2022)
  • Form 8949 (Sales and Other Dispositions of Capital Assets)— Gain/Loss Adjustment Codes
  • Carryover Schedule for Charitable Contributions
  • Donations—Noncash
  • Donated Goods Valuation Guide
  • Donations Substantiation Guide
  • Earned Income Credit (EIC) Worksheet (2022)
  • Net Operating Loss Worksheet #1
  • Net Operating Loss Worksheet #2—Computation of NOL
  • Net Operating Loss Worksheet #3—NOL Carryover
  • Net Operating Loss Worksheet #4—Tracking Schedule
  • Net Operating Loss (NOL) Utilization
  • Social Security Benefits Worksheet (2022)
  • Qualified Business Income Deduction Worksheet (2022)
  • 2022 State and Local Sales Tax Deduction
  • Where to File 2022 Form 1040
  • Where to File Form 1040-ES for 2023
  • Where to File Form 4868 for 2022 Return
• Tab 4—2022 Form 1040—Line-By-Line
  • Line-By-Line Quick Reference to 2022 Form 1040
  • Form W-2, Box 12 Codes
  • Taxable and Nontaxable Income
  • Who Must File a 2022 Return
  • Who Qualifies as a Dependent—Step-By-Step (2022)
  • Other Filing Requirements (2022)
  • Children and Other Dependents—Filing Requirements (2022)
  • Filing Status
  • Determining Filing Status
  • Exemptions
  • Dependents
  • Children of Divorced or Separated Parents
  • Medical Tax Benefits for Dependents
  • Signatures and Designees
  • Form 1040
  • Refund/Amount Owed
  • Schedule 1—Part I: Additional Income
  • Schedule 1—Part II: Adjustments to Income
  • Schedule 2—Part I: Tax
  • Schedule 2—Part II: Other Taxes
  • Schedule 3—Part I: Nonrefundable Credits
  • Schedule 3—Part II: Other Payments and Refundable Credits
  • Assembling the Return
• Tab 5A—Schedule A—Itemized Deductions
  • Phase-Out of Itemized Deductions
  • Medical Deductions
  • Taxes
  • Interest Tracing
  • Investment Interest Expense
  • Interest—Mortgages
  • Points—Mortgages
  • Other Mortgage Interest Deduction Rules
  • Charitable Contributions
  • Casualty Losses
  • Miscellaneous Itemized Deductions
• Tab 5B—Schedule B—Interest and Dividends
  • Interest Income
  • Dividends
  • Foreign Accounts and Trusts
  • Imputed Interest on Below Market Loans
  • U.S. Government Bonds
  • Bond Discount and Premium
• Tab 6—Schedules C, F, and SE
  • Quick Guide to Business Entities
  • Schedule C—Profit/Loss From Business
  • Health Care Costs
  • Business Use of Home
  • Daycare Providers
  • Business vs. Hobby Losses
  • Independent Contractors
  • Starting a Business
  • Net Operating Loss (NOL)
  • Schedule SE—Self-Employment Tax
  • Schedule F—Profit/Loss From Farming
  • Qualified Business Income (QBI) Deduction
  • Schedule C—Principal Business or Professional Activity Codes
• Tab 7—Schedule D; Form 4797; Sales and Exchanges
  • Real Estate Taxation Summary Chart
  • Settlement Costs on Sale or Purchase of Real Estate
  • Basis for Computing Gain or Loss
  • Schedule D/Form 8949—General Rules
  • Stocks and Other Securities
  • Mutual Funds
  • Virtual Currency
  • Employee Stock Options
  • Tax Treatment of Employee Stock Options
  • Bad Debts
  • Sales of Business Property
  • Installment Sales
  • Involuntary Conversions
  • Home Ownership
  • Sale of Residence
  • Residence Gain Exclusion
  • Excluding Gain When Home Used for Business or Rental
  • Foreclosures
  • Like-Kind Exchanges
  • Qualified Opportunity Zone (QOZ) Investment
• Tab 8—Schedule E, Passive Activities, At-Risk
  • Rents and Royalties
  • Renting Out a Home
  • Partners and S Corporation Shareholders
  • Passive Activities
  • Special Passive Loss Rules for Rental Activities
  • At-Risk Rules
• Tab 9—Form 2106, Business Travel and Meals
  • Employee Business Expenses
  • Business Meals
  • Business Gifts
  • Travel
  • Substantiation Requirements
  • Above-the-Line Deduction for Certain Employees
  • Per Diem Rates
  • High-Cost Localities for the High-Low Method
  • Meals and Incidental Expenses Per Diem Rates
• Tab 10—Depreciation
  • Depreciation Rules
  • Special (Bonus) Depreciation
  • Alternative Minimum Tax Adjustments
  • Alternative Depreciation System
  • Section 179 Deduction
  • Section 179 Recapture
  • Comparing Special Depreciation and Section 179 Expensing
  • Change of Use of MACRS Property
  • Dispositions of MACRS Property
  • Depreciation Recapture
  • Like-Kind Exchanges— Depreciation Rules
  • Computer Software
  • Leasehold Improvements
  • Qualified Improvement Property
  • Correcting Depreciation Errors
  • Intangible Assets
  • MACRS Depreciation Tables
• Tab 11—Autos and Listed Property
  • Business Vehicles—Quick Facts
  • Deducting Vehicle Expenses
  • Depreciating Vehicles
  • Depreciation After Recovery Period Ends
  • Depreciation Recapture
  • Basis—Autos
  • Auto Trade-In Rules
  • Selling a Business Auto
  • Alternative Motor Vehicle Tax Credit
  • Credit for Plug-In Vehicles
  • Commuting Expenses
  • Autos—Documenting Business Use
  • Employer-Provided Vehicles
  • Listed Property
  • Leased Vehicles
  • Section 280F Depreciation Limits—Vehicles
  • Lease Income Inclusion Tables—Passenger Autos Leased in 2022–2019
  • Lease Income Inclusion Tables—Passenger Autos Leased in 2018 and 2017
• Tab 12—Credits, AMT, NIIT, and Special Taxpayers
  • Tax Credits Summary (2022)
  • Preparer Due Diligence for Refundable Credits
  • Adoption Credit or Benefit Exclusion
  • Child and Dependent Care Credit
  • Child Tax Credit
  • Earned Income Credit
  • Education Tax Credits
  • First-Time Homebuyer Credit
  • Foreign Tax Credit
  • Premium Tax Credit
  • Residential Energy Tax Credits
  • Retirement Saver’s Credit
  • Small Employer Tax Credits
  • Alternative Minimum Tax (AMT)
  • 3.8% Net Investment Income Tax
  • Household Employers
  • Ministers/Clergy
  • Military Personnel
  • Community Property
  • U.S. Taxpayers Working Abroad
  • Non-U.S. Citizens
  • Oil and Gas Investors
• Tab 13—Children, Education, and Divorce
  • Kiddie Tax
  • Foster Parents
  • Qualified ABLE Programs
  • Family Loans
  • Custodial Accounts
  • Savings Bonds Interest Exclusion
  • Student Loan Provisions
  • Student Loan Interest Deduction
  • Education Tax Incentives Comparison Chart (2022)
  • Qualified Tuition (Section 529) Programs
  • Education Savings Accounts
  • Scholarships and Fellowships
  • Divorce
• Tab 14A—Retirement
  • 2022 IRA Chart
  • 2022 Employer and Self-Employed Retirement Plan Chart
  • Advantages to Employer and Self-Employed Plans
  • Exceptions to 10% Withdrawal Penalty Before Age 59½
  • Traditional IRAs
  • Deducting Traditional IRA Contributions
  • Roth IRAs
  • Roth IRA Conversions
  • Rollovers and Transfers
  • Withdrawals and Distributions
  • Required Minimum Distributions
  • Reporting Penalty Taxes
  • IRAs at Death
  • Simplified Employee Pensions (SEPs)
  • Contribution Limits for the Self-Employed
  • SIMPLE IRA Plans
  • Qualified Retirement Plans
  • One-Person 401(k) Plans
  • Losses From IRAs and Pensions
  • Annuity Distributions
  • Railroad Retirement
• Tab 14B—Social Security
  • Social Security and Medicare Highlights
  • Social Security Benefits
  • Social Security Quick Chart—Retirement Benefits (2023)
  • Social Security Quick Chart—Family, Survivor, and Disability Benefits (2023)
  • Retirement Benefits
  • Family and Survivor Benefits
  • Disability Benefits
  • Medicare
  • Medigap Insurance
  • Medicaid
  • Supplemental Security Income
• Tab 15A—Estate Planning
  • Quick Facts on Estate Planning
  • Filing Income Tax Returns for Decedent (Form 1040)
  • Estate Distributions and Schedule K-1 (Form 1041)
  • Probate
  • Basis of Inherited Property
  • Joint Ownership
  • Wills
  • Planning for Illness/Disability
  • Estate and Gift Tax
  • Gifts and Gift Tax Returns
  • Charitable Gifts and Bequests
  • Life Insurance
  • Trusts
• Tab 15B—Financial Planning
  • Basics of Financial Planning
  • Investment Planning
  • Mutual Funds
  • Tax Saving Techniques
  • Home Mortgages
  • Retirement Planning
  • Insurance Planning
  • Life Insurance
  • Types of Life Insurance Policies
  • Annuities
  • Disability Insurance
  • Long-Term Care Insurance
  • How Long Savings Will Last
  • Estimating Future Value of Assets at Retirement
  • Monthly Investments to Reach Financial Goals
  • Projecting Retirement Income—A Quick Check Method
  • Future Value Tables
  • Present Value Tables
  • Tax-Free Investments
• Tab 16—IRS, Penalties, Audits
  • Statute of Limitations
  • Selected Taxpayer Penalties
  • Selected Tax Preparer Penalties
  • IRS General Information
  • Options for Taxpayers Unable to Pay Tax Due
  • Avoiding IRS Penalties and Interest
  • Underpayment/Estimated Tax Penalty
  • Electronic Filing
  • Extension of Time to File
  • Amended Returns
  • Return Preparers and Representatives
  • Injured Spouse Claim
  • Audits and Examinations
  • Collections
  • Innocent Spouse Relief
  • Offers in Compromise
  • IRS Publications—Individual Tax
  • IRS Forms—Individual Tax
• Tab 17—What’s New
  • Inflation-Adjusted Amounts
  • Tax Legislation
  • Inflation Reduction Act of 2022 (P. L. 117-169) Selected Tax Provisions
  • Tax Provisions That Expired on December 31, 2021 Not Available in 2022 (Unless Extended By Legislation)
• Tab 18—IRS Circular 230
  • 31 U.S.C. §330. Practice before the Department
  • Paragraph 1.
  • Subpart A—Rules Governing Authority to Practice
  • Subpart B—Duties and Restrictions Relating to Practice Before the Internal Revenue Service
  • Subpart C—Sanctions for Violation of the Regulations
  • Subpart D—Rules Applicable to Disciplinary Proceedings
  • Subpart E—General Provisions
• Tab 19—2022 Income Tax Return
• Back Cover
  • Acronyms and Abbreviations
  • Citations
  • Key 2022 Tax Dates

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