Tax Deduction for a Totaled Vehicle

Tax Deduction for a Totaled Vehicle

Tax Deduction for a Totaled Vehicle by Jeff Franco J.D./M.A./M.B.A. ; Updated December 09, 2017   The Internal Revenue Service allows taxpayers to deduct property losses that result from an unexpected casualty. You can deduct the cost of damage or loss to a car resulting from the event. However, not every property loss resulting from an accident is tax deductible. Taxpayers must become familiar with […]

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Summer Driving Tips

Summer Driving Tips

Summertime is here and that means road trips, weekend getaways, and festivals.  We’ve compiled some summer driving tips to help you enjoy that vacation instead of being stuck on the side of the road. BEFORE YOU LEAVE Before you start off on your trip, make sure to thoroughly check your car’s fluids: coolant levels, oil, etc.  Also check the AC, tires and transmission to make […]

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