The IRS Deductions Blog

Posts Tagged ‘cars’

Items on Amazon Right Now for Deductible Sales Tax On Cars:

Airfare Secrets – How To Book Cheap Airline Tickets

Question: How/where can I donate a timeshare?

I have a great timeshare unit in Hilton Head, South Carolina. I cannot afford to make the maintenance fees every year in addition to my home mortgage, car payments, feeding/clothing/etc 2 kids, etc.
I want to donate this unit so that I will be free of the maintenance fee and will get the tax-deduction for this donation. Does anyone know what charities accept tax-deductable timeshare donations? I really need to know!
Help! Does anyone know of a charitg that will accept it right away and assume ownership of it? I contacted one charity and they told me that they would try to sell it but the unit would be mine (maintenance fees too!) until they could sell it, “usually within 6 months.”
I want to donate it now, get the tax deduction ASAP, no more maintenance fees!!!

Please let me know if you have ANY information about this, ASAP! Thanks!!!

Sonicbum2112@yahoo.com

Answer: Try any of the charities that accept other property, houses, boats, cars. I think the American Cancer Society takes homes, the Humane Society does as well.

Items on Amazon Right Now for Tax Deduction For Car Donation:

Donate a Car 2 Charity | Fair Market Value Tax Deduction With Car Donations To Activated Ministries

Question: in the state of ohio are the sales taxes paid tax deductable for 2010 on a used car?

We purchases 3 vehicles and paid the sales tax for each of them. They were used vehicles but the taxes were over $3,000.00. Is there a tax deduction for this in the state of ohio?

Answer: If you itemize you can take the greater of sales tax or state income tax.

Items on Amazon Right Now for Sales Tax Deduction For Vehicle Purchases:

Senate Session 2011-06-30 (12:44:54-13:47:59)

Question: Tax Deduction?

Ok i deliver pizzas for a living and i herd that i can get Tax Deductions for using my car for the company and the miles i go? Anyone know anythang about that?
1. depending on gas price right now a $1.05

2. Credit card tips are automaticley reported… but not cash tips
***sorry they dont pay per run but everytime i leave the store 1.05

Answer: You can claim 48.5 cents per mile as far as using your vehicle when delivering pizzas (business use). But if the company gave you some money for mileage then you can not take the full 48.5 cents. You will need to complete a 2106 form (employee expenses not reimbursed by employer) and attached it to your 1040. The mileage rate for 2008 is 50.5 cents per mile. Hopefully, you have good records to prove your mileage in case the IRS contacts you. You also need to report the cash tips as well.

Items on Amazon Right Now for Tax Deduction Used Car:

The #1 Tax Shelter … Your Business: It’s Not What You Earn – It’s What You Keep (Tax Saving Reports for Small Businesses) IMPORTANT – It’s not about what you earn – it’s about what you keep! This is an easy to understand manual that answers the questions small business owners have about saving money on their federal taxes. This book is a collection of 12 Tax Saving Reports that have been written in clear, understandable language. We will answer your questions about mileage deductions, writing off meals and entertainm…

Romney support for individual mandate complicates health care politics

As Mitt Romney prepares for a major address on health care in Ann Arbor, Mich., this afternoon, he is still likely to continue defending what has become a third rail in Republican politics: a requirement from government that people purchase health insurance.

Used Car Donation : Car Donation Tips

Items on Amazon Right Now for Standard Deduction History:

What India MUST do to reduce corruption

India needs to revisit governance if it wishes to reduce corruption.

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