Will tax break for hybrid cars go into the 07 tax year?
342515
Yes but the credit will phase out in 2007 depending on manufactuer sales (the IRS came up with a complicated formula on how to figure this out).
98097
try www.irs.gov they tell you what tax breaks and changes there are. ALSO if you know someone that does taxes, go to them or use something like turbo tax to file your return
1176516
I noticed you have this listed under Australia/New Zealand. I can not answer for those countries but, if you are in the United States, the company is responsible for all license and tax fees for their vehicles, regardless if the vehicle is work use only or the employee is allowed to use it for personal use also.
20983
For 2005: $14K\nFor 2006: $15K
2094
I have read that it is better to buy one in 2006, but there are a maximum number of cars per make and model that will receive the credit.  Too late for me as I already bought mine.
1112472
If you are using you vehicle for business purposes, then yes you can deduct it.\n\nThe extent of your deduction is based on what type of vehicle you get.  You might want to use just mileage (and you have to watch was is and isn't considered deductible) or depreciate your vehicle's business use percentage.  Remember to keep good records and think about consulting a CPA before year end to discuss.\n\nGood luck!
151369
That would be "double dipping" and is frowned upon. You could, however, review what your refund would look like if you just took the federal deductions and didn't receive the mileage checks.
463933
Yes unless you have filed for a 6 month extension.  Because April 15 is on a Saturday, taxes are due on April 17 this year.
358266
If it's your main residence and you live in the UK no. If it's not your main residence you pay capital gains tax. You have an allowance for capital gains for the year 2006 to 2007 of £8,800 so you pay tax on a gain over that. you should also adjust for the effects of inflation - check the finance pages on TV teletext - there used to be a chart for that on there - not sure if there still is. Outside the UK the tax rules are probably similar - ask your local IRS office. Incidentally, capital gains applies to the sale of a copyright so if you write a magazine feature in the UK and get paid up to £8,800 in this financial year - you won't pay tax on it. Assuming you haven't used your allowance for something else. Capital gains tax does not apply to cars, household furniture, etc. Basically, stuff that goes down in value normally. So you can't offset the loss on a car against a gain. But a gain on a car is tax free (as long as you don't sell them as a business).\n\nThat is one hell of a top answer! 10 points!
747349
No.  But they may attempt  to eliminate the reduced taxes on dividends.  I doubt that though.
755354
different auto landersa have different policies.. try this http://www.carsloan.info
55802
If you don't they will require a cosigner.  Do not purchase the vehicle if you can't pay for it.  It will only cost you more in the long run.
403459
They added a wheel tax back in my State, so there really isn't a tax break. I live in Indiana, and we have a Republican Governor now Mitch Daniels (crook), and Bush plant to the State. He got in on the President ticket. He just sold the 80/90 toll road to a Australian/Spanish Company that we already have paid for. So he too, is selling America. The road runs across the top of the State to the Chicago Sky-Way. Truckers are really hit.
15571
If you are not re-imbursed keep track of your mileage and you may be able to deduct it on your income taxes as a business expense.\n\nThe IRS mileage rate is 37.5 cents a mile.
393037
YEs, it will show as "resolved" but will remain there for 7 years then drop off. So in seven short years you can finally have that car of your dreams. ha
445216
You have to pay Tax on the 'benefit in kind' whether you only use it for business or not.\nThe benefit in kind is the value of the car plus accessories and each year this is multiplied by a percentage depending on the emissions and whether the car is petrol or diesel.  The value of the 'benefit in kind' is then deducted off your tax code so you pay more tax.  Basically you pay less for lower emissions cars
287763
If you had bought it in December you could file it this year but since you bought it in January you will have to wait until next year, but a tax preparer should be able to handle that for you when you tell them about the vehicle.