Pearson's Federal Taxation 2026 Individuals, 39th edition

Published by Pearson (17 July 2025) © 2026

  • Mitchell Franklin Le Moyne College
  • Luke E. Richardson University of South Florida
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In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.
 
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Title overview

Pearson’s Federal Taxation 2026 Individuals, of the hallmark Franklin and Richardson series, is a long-trusted resource blending the technicalities of tax law with maximum readability and relevance. While the Individuals volume covers all entities, its briefer treatment makes it ideal for students enrolled in a semester or more of taxation. This volume adapts aspects of the AICPA-promoted Model Tax Curriculum.

The 39th Edition is a complete refresh built around current tax rulings and regulations. Significant court cases and IRS rulings and procedures during 2024 and early 2025 demonstrate current tax law. Real-world examples and extensive hands-on practice will help prepare you to apply tax law to real accounting and finance tasks.

Table of contents

  1. An Introduction to Taxation
  2. Determination of Tax
  3. Gross Income: Inclusions
  4. Gross Income: Exclusions
  5. Property Transactions: Capital Gains and Losses
  6. Deductions and Losses
  7. Business Expenses and Deferred Compensation
  8. Itemized Deductions
  9. Losses and Bad Debts
  10. Depreciation, Cost Recovery, Amortization, and Depletion
  11. Accounting Periods and Methods
  12. Property Transactions: Nontaxable Exchanges
  13. Property Transactions: Section 1231 and Recapture
  14. Special Tax Computation Methods, Tax Credits, and Payment of Tax
  15. Tax Research
  16. Corporations
  17. Partnerships and S Corporations
  18. Taxes and Investment Planning

QUICK REFERENCE

  • 2025 Tax Rate Schedules and Other Key Numbers

TABLES

  • 2024 Tax Tables and Rate Schedules and 2025 Withholding Tables (Partial)

APPENDICES

  1. Tax Research Working Paper File
  2. Tax Forms
  3. MACRS Tables
  4. Glossary
  5. AICPA Statements on Standards for Tax Services Nos. 1-4
  6. Index of Code Sections
  7. Index of Treasury Regulations
  8. Index of Government Promulgations
  9. Index of Court Cases
  10. Subject Index

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