Buy Your Civic Hybrid Today: Tax Credit Halves Tomorrow

The Honda Civic hybrid is the latest victim of the hybrid tax break exemption. Beginning on July 1, the tax credit for owning a Honda Civic hybrid will be sliced in half, from $1,050 to $525, on its way down to zero. If you recall, owners of hybrid vehicles are only eligible for the full tax credit until the… » 6/30/08 2:00pm 6/30/08 2:00pm

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

Higher Road Tax for Luxury Vehicles Coming to UK?

Blighty's system of taxes for higher-emissions vehicles have some environmental activists calling for a new level of taxes for such vehicles as the blown Range Rover. Currently, vehicles fall into bands A through G. The called-for "H" band would propose and additional five-hundred quid tax, hopefully screwing up the… » 8/01/07 6:45pm 8/01/07 6:45pm