Mileage Deductions 2009 - Tips To Save Tax
The Gas Mileage Bible
by Kenny Joines & Ron Hollenbeck

The Gas Mileage Bible is a must for anyone who drives a car. It's easy to understand if you do not know a lot of about cars, yet it has lots of information that would even interest those weekend mechanics. The authors provide simple scientific explanations on what causes losses and gains in fuel economy. In addition, they lay out clear-cut gas-saving solutions, breaking them down into straightforward categories: "no tech", "low tech", and "high tech", which makes it easy to understand how quickly and easily you can implement each solution.

One person improved their fuel economy in their two vehicles by at least 2 mpg without buying any upgrades or gadgets. They feel that "high tech" implement that can improve fuel economy even further. A must read if you drive a car

     

Mileage Deductions 2009 - Tips To Save Tax

Mileage Deductions 2009 * Tips To Save Tax

Valuable Tips to Save Tax   
Adam Heist

No one likes paying taxes, it doesn't matter how the taxes are used in improving the quality of our country.

Due to this reason, people procrastinate as much as possible on the payment of taxes and when the time comes it is all a big race against time. However, here are some tips that could make you prepared in advance to save on tax.

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(i) Make prepayments on your 1 January mortgage payment - Make a check for the payment due 1 January before the previous 31 December. This would make you eligible for tax deduction on that payment in the next year. Even if you have postdated the check, the tax deduction stands.


(ii) Last-minute expenses and donations - Make some donations before the 31st of December. Then you could avail of the tax benefits that go along with these charitable expenses. Be sure to use your credit card to make these donations.

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1996 Volkswagen Passat GLX From North America - Comments (Carsurvey.org)
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(iii) Defer your income - Stall your December incomes until January. You can request for deferment of the Christmas bonus to the New Year. This tip can be used also if you are self-employed. Just make your December bills in the month of January. With investments, some companies would allow to postpone paying taxes until a later year even if the income is earned this year.


(iv) Scrounge for all tax deductions - Look out for all heads where tax deductions apply. There are several places where a taxpayer can get deductions; so many in fact that some of them can be missed. Even a couple of more deductions could bring about measurable tax deductions.


(v) Make charitable donations - Whatever you do not use, donate it to charities. Clean out all the old stuff cluttering your home and donate it to a charity that you know about. Get receipts for your records. Deductions can be claimed on this amount equal to the wholesale market price of the items given. Thus cleaning up your attic or garage could be in fact a rewarding experience in more ways than one.


(vi) Put your kids on the payroll - You can pay your kids for small chores around the house provided they are above fourteen years of age. This would transfer some of your high taxable income to your kid's low taxable income. However do not pay them too much, or it could be a deterrent in their getting financial aid when they are ready to go to college.


(vii) Make investments in your kids' names - All investments made for the future of your kids are tax deductible. You can get a deduction of up to $700 in investment income per kid, provided that they are above fourteen years of age.


Keep these elementary tips in mind and they could go a long way in making you actually whistle and sing while paying taxes. Make advance preparations and save hugely on your tax payments.


Adam Heist is an expert in the field of loan and runs a highly popular and comprehensive Homeowner Loan


web site. For more articles and resources on loan related topics and much more visit his site today.

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