you are usually issued an inspection sticker that must be displayed on your car, typically on the windshield. While state rules can vary, inspection stickers are generally good for one or two years. Failure to have your vehicle re-inspected ...
You can also negotiate to get out of the car loan by offering to pay your car’sretail valueinstead of its remaining loan balance. Though your lender is unlikely to agree to this sort of arrangement, it could consider it if your only alternative is to declare bankruptcy or default on the...
The DVLA will only refund your car tax if you make an application. Even if you declare your car as no longer yours or as written off, your car tax won’t be automatically refunded if you fail to fill out the correct forms. However, after you have submitted your application, your car ...
MORE LIKE THISTax credits and deductionsTax preparation and filingTaxes If you're in the market for an electric car this year, there may be some savings in it for you — either upfront or later on. Those who buy new electric vehicles may be eligible for a tax credit of up to $7,500...
While it’s important to act on your back taxes, it’s equally important to work out the reasons why you have tax debt. Did you underpay? Is there a mistake on your return? Call the number on your notice or letter and get more information if you don’t fully understand the situation...
If your vehicle falls outside of this definition, it may still be deductible, but as a nonqualified vehicle, it’s subject to different rules and limits. If you’re in the market for a new car, you may get more financial value by trading in your car than you would from the tax ...
Renting out your car is as simple as uploading the necessary documents, performing regular car maintenance, and ensuring you meet the requirements set by the car rental company of your choice. Remember to also perform your due diligence when picking protection plans, insurance coverage, and rental...
Money Under 30’s take on leasing is that it makes sense for business owners who can take a tax deduction for lease payments or for affluent drivers who could afford to pay cash, but prefer to have a new car every couple of years. For everybody else, leasing is a bad deal because yo...
12 ways to avoid the ira early withdrawal penalty. roll over your 401(k) without tax withholding rolling over your qualified retirement assets, rather than cashing out, is the preferred choice for investors who don’t want a big tax hit. a rollover allows you to maintain the tax-advantaged...
A noticeable chunk of the cost of purchasing a car falls under the sales tax. It might leave you wondering if there’s any way for you to avoid paying it, or at least deduct it. There are a few things you could do to ease things up a fair bit.