Mileage Deductibility Rate Increase
When it comes to automobile expense deductions and work related travel you are allowed to chose one of two ways to expense automobile related expenses. The first, and easiest, is the per mile deduction method. You simply track your business related mileage and are allowed to deduct 58.5 cents per mile. The [...]
What Are Others Saying…..
I am relatively new with the whole art of blogging and have found myself spending hours upon hours surfing, reading and skimming others blogs. There is a lot of good stuff out there……there is also a lot of garbage. However, there are a number of articles that I have seen in the last [...]
Credit Scores Dropping
It looks like banks and card lenders are have found a new way to protect themselves from high risk borrowers. They are reducing their credit limits. According the the Associated Press this is just one more way banks are trying to protect themselves from more massive losses like those they’ve seen from subprime mortgages.
By reducing [...]
The Debt Hole
Have you ever felt that your “digging” yourself out of debt? I know that might sound a little funny, but that it literally what we are doing. Normally you don’t even realize you’ve started digging the hole. It can start with something as simple as the family car breaking down or the air conditioning going [...]
Amending a Tax Return
I was recently asked by a family friend if I would be willing to look over their tax return to see if I could tell why they did not receive their stimulus payment. (Not really sure why they asked me, but hey, I guess it’s a compliment).
The first thing, and most obvious thing, that [...]
Free Credit Monitoring
What’s better than a free credit report once a year? Free credit monitoring. According to a class-action lawsuit filed against TransUnion, one of the three major credit bureaus, you can receive either 6 or 9 months of free credit monitoring. Below is what is included in each of the two packages according [...]
Part 4: Comprehensive Physical Damage Coverage
Sometimes referred to as collision coverage, comprehensive physical damage coverage is coverage that pays for damages from any collision, regardless of who is at fault. If the other driver is at fault and has liability coverage, your insurance company should be able to recover losses from the other driver’s insurance company. If the accident does [...]
Part 3: Uninsured/Underinsured Motorist Coverage
Uninsured or underinsured motorist coverage is similar to liability coverage. It covers your costs if you are injured by an uninsured motorist or if you are injured in a hit-and-run accident. It also covers your costs if the other driver’s insurance is insufficient to pay for your expenses (in other words, if the other [...]
Part 2: Medical Payment Coverage
The second part of automobile insurance coverage is medical payment coverage. Medical payment coverage pays for all accident-related medical costs and funeral expenses incurred by you or your family members within three years of an accident. Medical payment coverage also covers policyholders and their family members when in others’ vehicles, or when policyholders and [...]
Part 1: Liability Coverage
Liability coverage pays for losses related to bodily injury, property damage, lawsuits, and defense costs. Bodily injury coverage protects against expenses related to deaths or injuries resulting from an accident. Property damage coverage protects against costs for damage to the car or cars involved in an accident, as well as damages to other property (such [...]
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