Chicpa » Finance

The Freedom of the Open Road Is Calling

admin — Thu, 11 Feb 2010 13:47:39 +0000

Freedom has to be one of the most sought after values in this modern world full of expectations and the nagging of others who might not always have our best interest at heart. Sometimes, all of us just need a bit of an escape and that is precisely why we turn to the open road with all of its joys and triumphs to be able to have the kind of holiday we want any time we want to take it. Whether its a weekend jaunt or an extended voyage around the UK, there are few ways to really enjoy freedom than experiencing it first hand behind the wheel of our own caravan. With all of the options in the world at our choosing, this can be the very best way to get out and explore anything we care to see or any place we want to visit. There are few other types of travel that can offer us this type of true freedom and total control over our journey and how it is made.

By making the right choices we can own up to all the concerns that can come with this type of travel and we will be pleased with the right results. Getting things in order means having the kind of caravan insurance that will reward us for having put in the time and effort to create a truly excellent level of security for ourselves, plus we will have help whenever it is needed most. That’s the best money sterling can buy.

Deduct New Vehicle Sales & Excise Taxes When Filing Income Taxes

admin — Mon, 17 Aug 2009 13:36:10 +0000

As it becomes increasingly important to manage money wisely during this economic recession, citizens should be thinking ahead towards filing their income tax returns. In considering the deductions that they may be able to claim, taxpayers should be aware that a new tax deduction is available. If a new vehicle has been purchased between February 16, 2009, and January 1, 2010, taxes designated under the categories sales and excise may be deductible.

To qualify, the filer must have a total income less than or equal to $135,000 for the year (the amount is $260,000 for a joint return). The amount eligible for deduction is adjusted for lower income levels. This deduction can be filed in one of two ways; it may increase the standard deduction, or it may be filed as an itemized deduction.

Only the amount of tax imposed on the first $49,500 of the vehicles value is considered when calculating the total deduction. The vehicles which qualify are motor homes, automobiles, motorcycles, and light trucks which have a gross vehicle weight rating equal to or less than 8,500 lbs. These vehicles qualify so long as the original use of the vehicle begins with the individual filing as purchaser. Used vehicle sales and excise taxes do not qualify for this credit.