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The IRS made an announcement this month that is a matter of pennies but could significantly affect some taxpayers' 2010 amount owed; by reducing the allowance for mileage deductions. Claiming the ...
Each year, taxpayers have the option of claiming the standard deduction or the itemized deduction. For the tax year 2010, the standard deduction remains unchangedat $5,700 for single taxpayers or ...
In addition, truck drivers have a special way of calculating a tax deduction for per diem. All drivers who are subject to USDOT hours of service are eligible. As of October 1, 2009, the per diem rate is $59 per day, and they may deduct 80% of this amount from their taxable income. [13]
From fair foods to fun rides, these attractions make the State Fair of Texas worth checking out. ... Oct. 8: State Fair of Texas Youth Rodeo Finals. Oct. 13-14: Cowboys of Color Rodeo.
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
In 2010, former U.S. Secretaries of Transportation Norman Mineta and Samuel K. Skinner called for the adoption of a VMT tax to stabilize transportation funding. [ 14 ] In March 2011, the U.S. Congressional Budget Office issued a report comparing the relative merits of fuel taxes, vehicle excise taxes, vehicle tire excise taxes, and a ...
To maximize your deductions, it's a good idea to Increasing your allowable deductions means the less tax you owe and the more money you get to keep. 8 commonly overlooked tax deductions
The Texas State Fair Football Showdown took place on the third weekend of the 2018 and 2019 fair and featured Southern and Texas Southern. [14] In 2020, the Southern versus Texas Southern game moved to Arlington, Texas. The State Fair of Texas is the only fair in the United States to include a full auto show, dating back to 1913. [15]