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Various Ford and Mercury Hybrids Get Tax Credit Certification From

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:59  |  774 views

Various Ford and Mercury Hybrids Get Tax Credit Certification From IRS Starting in 2006, individuals buying hybrid cars will get a tax credit instead of a tax deduction. The IRS has just started to kick out the exact amounts you can claim for your new hybrid.



Your Kids Can Reduce Your Taxes and Get Rich

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:35  |  706 views

One often-overlooked tax benefit for business owners is putting their kids to work in their business. If you are self-employed, you can take advantage of this by paying your kids $4,000 each for performing services in your business. The business gets a tax deduction for the compensation and that saves taxes on the parent’s tax return. Also, there is no Social Security or Medicare Taxes due on the wages you pay to your child.



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