IRS Gives Biggest Tax Credit To New Ford Hybrids

Now that the tax incentives to on the Toyota Prius have run out, the new king of the road for deductions are the hybrid offerings from Ford — the Hybrid Ford Escape and Hybrid Mercury Mariner two wheel drive. The taxman will be giving buyers of the twin hybrids up to $3,000 in deductions in an effort to offset the… » 3/28/08 12:45pm 3/28/08 12:45pm

IRS Kicks Up Business Mileage Rate For 2008

I hate to do this, but I'll be that guy. It's time to start thinking about tax season, but fear not you deducting beasts, the IRS's 2008 standard mileage rates have been announced and all of those miles you spend on the road for work this year will be getting a significant bump to 50.5 cents per mile. This means that… » 2/05/08 10:45am 2/05/08 10:45am