Autos Feed

Are you heading out this coming Memorial Day weekend? I hope you have a great break from your job or whatever you're trying to escape. One thing you won't be able to avoid, however, is taxes. If you're flying, you already know about the tax ding on your travel budget. Cost Breakdown of an Airline Ticket from Airlines for America (A4A) The biggest cost is for fuel (just scroll down the slide above), with 21 percent of your ticket price paying to fill up the jet. Tax adds to ticket prices: Federal taxes, however, are a close second at 20... Read more →

Just days before the April 15 filing deadline, the Internal Revenue Service reported that most taxpayers had already submitted their returns. Of the almost 113 million returns the IRS had in its hands on April 11, more than 85 million resulted in refunds. The latest federal tax refunds are a bit bigger than those received by players of early Monopoly games. The average refund amount as tax-filing season was winding down was $2,751. That's slightly larger than the average refund a year ago. It's also this week's By the Numbers figure. Have your received your refund from Uncle Sam yet?... Read more →

Are you as groggy as I am today? Twice a year I feel out of sorts as most of us shift our clocks ahead or back. Today marks the beginning of our annual transition to Daylight Saving Time, or DST; and sorry, Bart, there is no "s" appended to Daylight, according to horologists and the Associated Press stylebook. Since 2007, provisions of the Energy Policy Act of 2005 have mandated an extra hour of DST. The disruption of our circadian rhythms has been going on for nearly a century. The debate as to whether it's worth it has been going... Read more →

Tax deductible mileage rate drops a half-cent in 2014

The busiest travel time every year is around Thanksgiving. But plenty of folks also hit the road for Christmas. Despite the craziness of the season and often messy, and dangerous, winter weather, we go. Why? Because, as Perry Como so melodiously notes, There's No Place Like Home for the Holidays. Your travel to and from family gatherings at any time of the year is all on your own dime. But as today's Christmas Tax Tip Tune notes, other types of travel are tax deductible. In fact, the Internal Revenue Service even makes it easier for you to figure your write-off... Read more →

Fewer of us will be going over the river or through the woods to grandma's house this Thanksgiving travel season, according to AAA. That's bad news not only for sad grandparents who won't see their families, but also for state treasuries. The drop in travel, especially of the vehicular variety, is going to cost states tax money. Overall, AAA projects that 43.4 million Americans will travel 50 miles or more from home during the Thanksgiving holiday weekend, which the travel group defines as starting today (Wednesday, Nov. 27) and wrapping up on Sunday, Dec. 1. That's a slight decrease from... Read more →

My clothes felt a bit snug as I got dressed this morning and I couldn't figure out why. Then I realized it's all the cake I've been enjoying in connection with recent special tax commemorations. This latest belated celebration is for the federal gas excise tax. Gas is expensive at the Canoncito station, but you might find -- Breaking Bad spoiler alert -- a nice watch atop that pay phone. On Oct. 1, 1993, the gas tax went from 14.1 cents per gallon to 18.4 cents per gallon. Sorry I missed the big day, but Congressional fighting over Obamacare and... Read more →

It's around 1,100 miles from the northeast corner of Texas to the southwest corner of New York, but the Empire State has been on my mind of late. No, it's not because I still can't erase from my mind's eye the Miley Cyrus performance (yeah, let's call it that since this is a family-friendly tax blog) at MTV's 2013 Video Music Awards in Brooklyn's Barclays Center. And no, it's not even because the 2013 professional football season is about to start with my Dallas Cowboys' hosting a Sept. 8 game against NFC East rival the New York Giants. It's because... Read more →

Are you taking a road trip this Labor Day weekend? You'll pay more for gas if you're traveling in one of these 10 states: California, Connecticut, Florida, Hawaii, Illinois, Indiana, Michigan, New York, North Carolina and Washington. Those states, according to the American Petroleum Institute's July 2013 report (the oil industry trade group updates its data quarterly), top the list of taxes added to the pump price of gasoline. The listing above is alphabetical. Here's how they line up when you sort them based on the taxes charged per gallon of gas: California, total gas taxes = 71.9 cents per... Read more →

I've heard of traffic grinding to a halt because of shoppers jamming the roads in search of bargains, but this is a first for me. The Georgia Department of Transportation is keeping roads open around certain construction zones to make it easier for shoppers to take advantage of the state's upcoming sales tax holiday. Two days tax free: First, here's the scoop on the event that's driving folks into the state's stores. The Peach State's annual back-to-school tax-free event takes place Friday, Aug. 9, and Saturday, Aug. 10. On those two days, sales tax is waived on: Clothing and footwear... Read more →

The eyes of the tax world (OK, maybe just the eyes of tax geeks like me) have been focused on Washington, D.C. That's where the continuing Congressional hearings into the Internal Revenue Service's myriad missteps are playing out, as well as the Supreme Court's just announced Defense of Marriage Act ruling and the possibility hope that the tax-writing committees soon take up comprehensive tax reform. But a lot of tax action has taken place in the state capitals across the country. The Atlas of True Names from shows the etymological roots, or original meanings, of the familiar terms on... Read more →

A Washington State representative has some news for all you bicyclists who are feeling so smug about saving the environment. You're actually causing problems, says Rep. Ed Orcutt, a Republican from Kalama, Wash. Riding nonmotorized two-wheelers causes cyclists to have "an increased heart rate and respiration," according to Orcutt. And because of that exertion, "You would be giving off more CO2 if you are riding a bike than driving in a car." Orcutt's assessment first came via an email exchange with a constituent who questioned the wisdom of the proposed new bike tax, which is part of the state's transportation... Read more →

Virginia lawmakers last month passed a massive transportation bill. It's the first overhaul of the state's transportation funding since 1986 and is expected to bring in $880 million a year to help maintain 58,000 miles of roads. The plan includes a mix of taxes. The Old Dominion's 17½ cents-per-gallon retail gasoline tax will be replaced by a 3.5 percent wholesale tax on gasoline and a 6 percent levy on diesel fuel. The state's sales tax will go from 5 percent to 5.3 percent, with a portion of that increase slated for road projects. But the transportation funding component that caught... Read more →

Has the decision by Yahoo CEO Marissa Mayer to eliminate telecommuting prompted your boss to issue a similar "get your butt into the office" edict? Sorry. I share your pain at having to now hit the road instead of commuting down the hall to your home office. But maybe the hassle of getting to work can be eased by some commuting tax breaks. Commuter benefits: Many workplaces offer their employees tax-free benefits to cover some of the costs of getting to and from the office. They're known by many names: Qualified Transportation Benefit (QTB), Commuter Savings Account (CSA) Commuter Expense... Read more →

Every small business owner knows that work-related miles can be a valuable tax deduction. I'm not just talking out of town trips. Every time you hit the road for a legitimate business purpose, those miles can be claimed on your Schedule C. Of course, the key to maximizing your travel deduction is good record keeping. Today's technology is here to help. Mileage tracking? There's an app for that: There are dozens of smartphone apps that can help you track your travel. has examined the electronic options and come up with its list of the best. The big winner in... Read more →

The 2013 driving season won't kick in until Memorial Day weekend. That's quickly followed by thousands of Americans hitting the road for summer vacations. But some folks are already worrying about the cost of those trips from a gas price standpoint as well as possible taxes. What's prompting the transportation tax concerns? The Government Accountability Office issued a new report in December 2012 that examines the financial advantages, for Uncle Sam, not drivers, of a mileage-based transportation tax system. Your highway tax dollars at work: Federal funding to build and maintain the nation's highways and bridges comes primarily from federal... Read more →

As I drove my mother home after Thanksgiving, I wanted to kick myself for not stopping first at the Shell station near my home to fill up. Pete's Route 66 Gas Station Museum, Williams, Ariz., by Loco Steve/Flickr I had plenty of fuel to make it the 50 miles. But I should have topped off to take advantage of the station's regular gas that was going for $3.09 a gallon. I felt increasingly stupid as we sped past gas station after gas station with signs announcing $3.12 then $3.15 then $3.19 per gallon prices. Then I drove into her small... Read more →

How was your Thanksgiving travel? Most treks these past few days were personal. But when we hit the road for business, medical or charitable reasons or we move in connection with our jobs, we might be able to deduct the mileage. The Internal Revenue Service gives us the option of calculating the actual costs of using a vehicle for these purposes -- such as gas, oil, tolls, registration fees, repairs, tires, parking fees, insurance and the like -- or by claiming the standard mileage rates. Most of us use the standard rates. The IRS evaluates the business, medical and moving... Read more →

Few things tick people off like taxes and traffic. So combining the two usually isn't a good idea. But some states have decided to take that route. Let's start down the traffic and tax trail in the Peach State. A one cent regional transportation sales tax increase is on today's ballot in 10 Georgia counties. They are, of course, all around the incredibly congested Atlanta area UPDATE, Wednesday, Aug. 1: Georgia voters rejected the transporation proposal. Image courtesy the Untie Atlanta website, which has an interactive map where you can find more about transportation projects that might be paid for... Read more →

Congratulations to Bradley Wiggins, the first British rider to capture the Tour de France. Riding a bike for miles and miles over mountains and in bad weather is Wiggins' job. But a lot of folks also use their two-wheelers to get to their jobs. They're not likely won't receive the same accolades as those bestowed each July in Paris, but these two-wheel aficionados might be eligible for up to $20 per month tax-free from their employers. This workplace fringe benefit amount also is this week's By the Numbers figure. The boss' role: The biggest obstacle on this tax-free benefit is... Read more →

The arrival of the Memorial Day weekend, the unofficial start of the summer vacation season, means it's time for my annual post on gasoline taxes. Yes, I am that predictable. But it's a long holiday weekend and none of us wants to do any heavy lifting, right? So let's hit the blogging road. AAA projects that 34.8 million Americans plan to travel 50 miles or more between Thursday, May 24 and Monday, May 28. That's 1.2 percent more travelers than last year. And most of them will be on the road. AAA says about 30.7 million people will drive to... Read more →