Expert Advice for Taxes

All Articles on Taxes

Who Should Pay For Road Fixes?
Republicans and Democrats disagree on how to fund infrastructure, with some representatives wanting a vehicle mileage tax, corporate taxes, or a raise on gas taxes.
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Brandon Moore
Jul 01, 2021
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, you should know about the RUT-50 form, a certain tax document required for private car buying.
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Brady Klopfer
Aug 24, 2021
Arizona’s Vehicle License Tax (VLT), Explained
The Arizona Vehicle License Tax (VLT) 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
Aug 26, 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 Get a Hybrid or Electric Car Tax Credit
Read this guide to find out how to get tax breaks on hybrid vehicles by identifying models, understanding the rules, and filing the right forms.
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Amber Dowler
Sep 20, 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
Aug 30, 2021

All Questions on Taxes

When you move but still live in the same state, do you have to change your address with the DMV?
Why do I have to change my address if I live in the same state? I live in Texas and moved to a new home about eight months ago. I never updated my address because it didn't seem important at the time. Last night, I was at a traffic stop and the officer said he would let me go with a warning but that I needed to change my license right away. Why does it matter that I haven't updated it?
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Shannon Martin
Aug 25, 2021
Do I have to change the registration on my car when I move out of state?
I am moving from Texas to Georgia and was wondering if I had to register my car and change my driver's license. I will only be in Georgia for about two years; renewing my plates and registration online for Texas will be much easier for me. Is there any way to wait until I get back to Texas?
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Shannon Martin
Aug 25, 2021
How complicated is it to get a hardship license as a minor in Texas?
I am 16 years old and due to the driving age limit in Texas, I am not able to get a full-fledged driver's license yet. Since my dad was laid off from work, I work a part-time job to help out with the bills and stuff. My buddy just quit and I can't get a ride to work like I used to. I need to be able to drive myself and I don't want to do it illegally; is there any way for me to get a hardship license?
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Shannon Martin
Aug 25, 2021
How do I donate a car to Goodwill?
I just purchased a new vehicle and want to get rid of my old vehicle. It's a 2004 Mitsubishi and it runs fine. I thought the best option would be to donate the car. How do I donate a car to Goodwill?
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Rachel Juillerat
Aug 20, 2021

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