The Best Books on Taxes of 2024

Understanding taxes can be tough. If you’re looking to become a tax professional or simply understand the ins and outs of taxes, having the right resources is paramount. Regardless of the reason, you have come to the right place.

There are several parts involved when thinking about taxes. This includes information for preparing your taxes as well as understanding what is taxable and what is not. There is a multitude of information available to you; these texts can help you in your career and everyday life.

In this guide, we provide you with the best books on taxes and information on how to choose your text.  The books on this list are excellent ways to teach yourself tax law and simply find personal tax books. All you have to do is reading for more of the best information for you.

If you want to just get back to studying, get our top pick for books on taxes here.

Last update: 2024-05-01

Our Favorites for Best Books on Taxes

Taxes Made Simple by Mike Piper

Taxes Made Simple is meant to provide extreme clarity on your income taxes. It also aims to do so in under 100 pages. Piper simplifies concepts that are often considered overly complicated and hard to understand.

What Makes it Unique:

• Each chapter in the text is separated to make understanding taxes as straightforward as possible. The book opens with a section on income taxes. This leads to an article on deductions. It answers the question of what they are and how you get them.
• One of the most popular areas of income taxes is refunds. Everyone wants to know if they will be getting money back or if they will owe the government. There is a chapter all about that.
• The second and third parts of Piper’s text go into further detail about each of these areas.
• Lastly, the text answers the age-old question if you should prepare your taxes yourself or go to a professional.

Why Choose this Best Book on Taxes:

• This text is highly recommended for high school and college students. It is a great way to introduce them to taxes; instead, they know a little or a lot. This is a perfect resource for parents to use for educating their teens about real-life concepts.
• The simplification of this text is perfect.
• This is an excellent 101 crash course on tax. Many people are happy to find this text and heavily recommend it to others.
• Some individuals have even used this text to train their staff members. It allows them to grasp the concepts of taxation quickly and simply.
• Piper has provided readers with a text that doesn’t scare them away from taxes.

Last update: 2024-05-01

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J. K. Lasser’s 1001 Deductions and Tax Breaks by Barbara Weltman

If you are looking to dig a little deeper into what tax breaks are and what deductions you could be missing out on, this is the book for you. If you are looking for the ultimate guide to what is available to you as a taxpayer, this is the book. Get ready to achieve your maximum savings ever with this one.

What Makes it Unique:

• Weltman covers an abundance of information within this guide. She even includes the most up to date information on tax laws.  She wants you to get the most significant benefit you can, and this book will help you do just that.
• This J.K Lasser income tax book is divided into 15 different chapters. These chapters include several various topics.  This includes medical expenses, real estate taxing, and even your car.
• Each chapter provides a breakdown at the beginning of what is to come. This includes page numbers and the overall topic.  Each topic is explained simply, making it easy to understand.
• The author has provided an abundance of examples and tips dropped throughout the text in standout boxes to help you further grasp the subject matter.
• With this text, you even get an online supplemental guide to assist you with taxation help further.

Why Choose this Best Book on Taxes:

• Readers love this book because of its simplicity. It is effortless to read.  It is not dull and boring but relatable and lively.
• The author brings together an abundance of information, so you don’t have to search for it.
• Many individuals wish they would have found this text sooner in their tax journey and recommend it for anyone who has to field taxes.
• K Lasser’s books are always excellent at explaining things in ways that anyone would understand.

Last update: 2024-05-01

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Runner Ups for Best Books on Taxes

Tax Savvy for Small Business: A Complete Tax Strategy Guide by Frederick W. Daily

We couldn’t leave the small business owners out of this list. This text is an excellent option for individuals looking to understand business taxes. The book provides users with a lot of information that they can use in the future. This includes things like managing retirement plans.  It covers tax basics as well as more in-depth information about business tax.

What Makes it Unique:

• The tax basics section of this text covers an abundance of information. This includes things like where to find tax rules, the rates of taxes, tax brackets, and the AMT tax.
• The information in this text is easy to follow and includes an abundance of tips throughout the book. These are denoted with a lightbulb.
• The author also includes a resource hint which provides information on what certain entities do. For example, one tip may inform readers that the IRS does not issue business licenses.
• The text includes several tax issues that you should look out for and tips for how to get certain breaks.

 Why Choose this Best Book on Taxes:

• Purchasers love this book and highly recommend it for new business owners, individuals looking to own businesses or tax professionals.
• This is an excellent resource for small business owners. IT provides excellent information like what type of business entity is better and what the differences are.
• If you are looking for a reference text to keep on hand throughout the life of your business, this is it. It provides excellent detail and examples for individuals to follow.
• Many business owners found themselves referencing this text multiple times. It allows them to feel more confident in the tax decisions which they are making.
• Some purchasers even went as far as saying that this is their Bible or holy grail text.

Last update: 2024-05-01

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Principles of Taxation for Business and Investment Planning by Sally Jones & Shelley Rhoades-Catanach

This focuses on the role taxes play in your business and how you can get the best breaks for yourself and your business. This is a great book for students looking to get a better understanding of taxes. This text presents taxation in a manner that seems critical and essential to navigating the business realm. This text is excellent for students and was written by two professors. Both were professors of accountancy.

What Makes It Unique:

• The authors have provided students with an excellent supplemental text for their introductory tax courses. This is great for first-semester tax students.
• The first section of the text explores tax policies as well as tax jurisdictions. This section also provides students with an overview of the general tax climates. The second section goes into information concerning tax planning and tax research.

Why Choose This Best Book On Taxes:

• If you are a student who is struggling with the required text for your introductory tax course, this is an excellent reference text or alternative.

Last update: 2024-05-01

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Value Pick for Best Books on Taxes

Taxes for Beginners - The Easy Guide To Understanding Taxes + Tips & Tricks To Save Money Paperback by James Sullivan

Taxes for Beginners is the perfect book for beginners looking for information on how to understand their taxes and how to get the most out of their return. This is a reliable resource when searching for answers to your tax questions.

What Makes it Unique:

• James Sullivan divides this book into two sections. The first section includes information about income tax laws, deductions, tax credits, and more.  However, the second goes in-depth about owning a home, vacation expenses, and other personal expenses.
• The book is written in a friendly and easy to read manner. It is conversational and relatable to readers.
• The book goes in-depth into what each filing status means and how to determine if you fall into a certain category. There are several charts throughout the text that better help you grasp taxation concepts.
• The second section of the text also aims to provide you more information about how you can reduce your tax liability. The book offers several helpful tips and little loopholes for things you can do to come out on top.

 Why Choose this Best Book on Taxes:

• If you are looking to know taxes and quickly pick up on concepts, this is the book for you. This is an excellent text for beginners or individuals with no knowledge of taxes.
• Purchasers found this to be a helpful text to use as a reference for answering quick questions that they had concerning taxes.
• Several readers found that the text provided them with a great understanding of taxes on a scale that they have never had before.
• It is an extremely quick read and something that answers the basic questions you may have. This would be great for a student or college student.

Last update: 2024-05-01

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How to Choose the Best Books on Taxes for You

Choosing an excellent book for learning taxes isn’t always the easiest. Several things must be taken into consideration, and several questions must be asked yourself before selecting a book that is right for you.  These questions include, but are not limited to, the following:

What Do You Already Know About Taxes?

This is a fundamental question as it will gauge the level of your text. If you are familiar with tax concepts and the general basics, you can look for a more advanced book. This would be something that goes deeper into tax concepts and helping you understand them. If you do not know how taxes work or generally what basic tax information is, you may need a more beginner-friendly guide. This can be something that is extremely simplified and simply allows you to grasp the material easily and quickly. It covers everything at a surface level.

Accurately assessing your tax knowledge is an excellent first step in determining which books are right for you.

Are You Looking for a General Overview or a Specific Topic on Taxes?

This is an important question to ask yourself. If you are looking for a book on preparing taxes, the chances are high that you won’t be reading a book on property tax. You need to be extremely clear about what you are looking for and the information you are attempting to gather.

If you are looking for a specific topic, it will be easier to narrow down your search. This will eliminate any books that take a more general approach to taxes or aim at merely providing an overview. If you are looking for a book on how to prepare your taxes, this will also drastically narrow your selection of items. Closing this pool is exactly what you want.

It is easier to make a choice when there are five options rather than 15 options.

Are You Looking for a Book that is More Focus on Income Taxes?

Income tax is a particular area of taxes that focuses on your income and profits. It narrows in on taxes that are filed each year for your earnings. If you are looking for a book on income tax, there are several viable options. These options include J.K Lasser’s Income Tax 2020 and How to Pay Zero Taxes by Jeff Schnepper.

These are three excellent questions to use when contemplating on what books to choose. Other questions that may be helpful include the following:

• Can this text be used as a supplemental text or reference text for classroom study?
• Are you looking for a text to help you through a potential tax-related scenario?
• Are you struggling with understanding the basics of taxation?
• Is this book for your career or personal enjoyment?

Wrapping Things Up: The Best Books on Taxes

Wrapping everything up, here are the best books on taxes we went over today:

Last update: 2024-05-01

Overall, there are several different texts you can utilize when looking for information on taxes. This is only a small listing of personal tax books that are available to you. Taxes can be a hard subject to grasp and even harder if you don’t have the right text.

Some of our favorite options in this text are Taxes Made Simple by Mike Piper. This is an excellent text for individuals looking to understand the concepts behind individual taxation. This text delivers money-saving deductions and even income taxes.

If you are not fond of any of the options on this list, you can always choose your own. There are several excellent questions that you can ask yourself to become familiar with the best and most recommended books on taxes.

What am I looking to learn specifically? What do I already know about taxes? These are two excellent questions that you can ask yourself when attempting to narrow down books that would be significant assets. However, regardless of which option you choose, we know you will find the information you need.

If you’re looking for the best tax books for professionals, make sure to check out our post here.