Is vehicle sales tax deductible? See how you can lessen your tax burden. Find out who qualifies and how you can claim and calculate your deduction.

Not all tax-saving allowances are created equal. Some more than others can provide substantial tax benefits, significantly impacting your take-home salary and tax outgo. Mint helps you understand ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is up to $7,830 for a family with three kids and the Retirement Savers Credit ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

There are two methods for computing deductible expenses related to a vehicle. Actual costs or standard mileage allowance.

To claim your property tax deduction, you'll need to track your ... You can also get 30% back on electric vehicle charging stations Electric vehicle charging stations can give you money back ...

If you use your car for business, you can deduct some or all of your insurance expenses from your taxes. This includes self-employed business owners, contractors, freelancers and people who drive for ...

Car prices are among the most prominent ... you have interest payments — we’re going to let you deduct the interest payment for income tax reasons,” Trump said. Notably, Trump is now ...

whether they use the most basic IRS tax form or not. To benefit the most people, analysts say, the interest rate deductions would be above-the-line, and could be calculated at your car dealership.

Workers who use a vehicle for personal travel as well ... back at your calendar to create a log before claiming the deduction on your tax return. During an audit, taxpayers will need to provide ...

Tax deductions reduce your taxable income ... A few examples include: Alimony payments Business use of your car or home Health savings account contributions Student loan interest Teacher expenses ...