Doing your taxes? Don't overlook the many ways your vehicle can help reduce your tax bill. Depending on your situation, properly claiming and deducting vehicle usage can be very helpful during tax time. How?
Deductible Taxes
If you itemize deductions, be sure to include the taxes paid to register or renew your vehicles. There are two caveats, though. First, only taxes are deductible on the Schedule A; don't include fees paid.
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Are you looking for your best options for annual tax filing next year? Read on, and you'll see why it often pays to seek the services of a human tax preparer who can set up your filings the right way.
Easy tax prep software has certainly churned up the tax prep industry—more people are simply using basic software programs to create their tax returns. But this isn't always the right way to go, because filing taxes is a complicated business.
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