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  2. Is Car Loan Interest Tax Deductible? - AOL

    www.aol.com/finance/car-loan-interest-tax...

    Car loan interest is tax deductible, but only if you're a business owner or self-employed. Find out how to file your taxes if you own a car for business.

  3. Taxes 2023: Can You Claim Your Car Costs When Filing ... - AOL

    www.aol.com/finance/taxes-2023-claim-car-costs...

    The best sales to shop today: You can still save big with 35% off Bissell's Little Green, 80% off Kate Spade and more

  4. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    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.

  5. Is car insurance tax-deductible? - AOL

    www.aol.com/finance/car-insurance-tax-deductible...

    If your car insurance is tax-deductible, you may be able to write your car insurance deductible off as well. This write-off is only possible if you have had to pay that deductible during that tax ...

  6. Tax deduction - Wikipedia

    en.wikipedia.org/wiki/Tax_deduction

    A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

  7. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.

  8. Charitable contribution deductions in the United States

    en.wikipedia.org/wiki/Charitable_contribution...

    Joy is not entitled to deduct the $10,000 value of "free services" that she performed. Nor is she entitled to deduct the $500 of child care expenses incurred in the week she was volunteering. However, Joy may deduct the $150 car expenses, as well as the $400 hotel expenses incurred in her time volunteering at the camp, for a total deduction of ...

  9. Can’t Afford Your Car Payment Anymore? 9 Things You ... - AOL

    www.aol.com/finance/t-afford-car-payment-anymore...

    A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...

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