Expert Advice for Taxes

All Articles on Taxes

Private Party Vehicle Use Tax: What Is Tax Form RUT-50 in Illinois?
If you’re an Illinois resident with a car acquired via a private party, here's what you should know about tax form RUT-50.
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Brady Klopfer
Nov 20, 2020
Arizona’s Vehicle License Tax (VLT), Explained
The Vehicle License Tax (VLT) in Arizona is a part of a registered driver’s yearly fees and is calculated in place of a personal property tax that is charged in other states.
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Jason Tushinski
Jun 09, 2021
Is Home Insurance Tax Deductible?
You cannot claim your home insurance as a tax deduction unless you rent your property, work from home, or suffer a loss not covered by your insurance.
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Cheryl Knight
Nov 20, 2020
How to Tell if Your Car Insurance Settlement is Taxable
An insurance settlement for damages sustained in a car accident may or may not be taxable, depending on the reason for the settlement.
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Mary Kurz
Dec 09, 2020
How to Take Advantage of a Hybrid or Electric Car Tax Credit
Take advantage of tax breaks on hybrid vehicles by identifying specific models, understanding the rules, and reading the fine print.
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Amber Dowler
Jan 08, 2021
How to Make Your New Car Tax Deductible Using a Home Equity Loan
Making your new car tax deductible using a home equity loan means getting the loan, purchasing the car, and filling out a tax form.
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Nicholas Wilson
Jan 08, 2021
How to Tell if Car Insurance Is Tax Deductible
With more than 14 million home-based small businesses in the U.S., claiming car insurance as a tax deduction saves small business owners money.
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Cheryl Knight
Jan 14, 2021
How to Deduct a Car Accident From Your Taxes
You can deduct the physical and property damage caused by an accident on your federal taxes using Form 4686 and Schedule A of Form 1040.
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Brady Klopfer
May 04, 2021

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