Can You Claim Your Car Insurance Deductible on Your Taxes?

car insurance tax return

Filing taxes can be complicated as you try to receive the best possible refund. As you and your tax accountant look over your forms, you can ask questions about different variables. One of the more common variables is car insurance premiums. Perhaps you are curious regarding whether your premium is tax-deductible. Depending on your car's usage, you may be able to deduct some expenses related to your auto insurance premiums. Here is a closer look at how you can use your car insurance to help Read More

Is Your Car Insurance Payment Eligible for a Tax Deduction?

Is Your Car Insurance Payment Eligible for a Tax Deduction?

You are constantly looking for ways to save money on your auto insurance premium. One way that you can accomplish this is through a possible tax deduction. Here is a look at how auto insurance may be tax-deductible. If you use your vehicle for commercial purposes, then all of the necessary expenses are tax-deductible. You may be able to deduct the premiums from your taxes even if you are a self-employed contractor. However, remember that you cannot automatically write off a car that you use Read More

Tips for Finding the Right Coverage for a New Vehicle

Tips for Finding the Right Coverage for a New Vehicle

Purchasing a new vehicle is an exciting time in your life. You're obviously looking forward to hitting the road. However, you still need to be attentive about insuring your vehicle. Having the right insurance coverage can prevent you from dealing with a lot of stress in the event that your new car suffers damage. Contact your insurance provider before you head to the dealership. Ensure that you have all of the essential information with you. You won't be able to finalize the transaction until Read More

Essential Winter Storage Tips to Help Take Care of Your RV

The Best Tips to Prepare Your RV for Winter Storage

RVs are significant investments. However, to maximize the return on your investment, you have to take care of it. RV insurance covers your vehicle in most situations. Nevertheless, when the seasons change, you may need to make some adjustments. Here's a look at how winter may impact your options. Most people decide to put their RV in storage during the winter. The process can be overwhelming if you don't have a clear idea of how you would like to proceed. These tips will help you assess your Read More

Differences Between the Types of Recreational Vehicles and Motorhomes

Differences Between the Types of Recreational Vehicles and Motorhomes

There are so many recreational vehicles and motorhomes that sometimes one might easily forget which rig matches their respective class. Although motorhome specifically describes the variety of recreational vehicles, recreational vehicle (RV) is a technical term, whereas motorhome can occasionally be used interchangeably with RV. Classes of RVs and Motorhomes and their Differences  RVs and Motorhomes are divided into three classes, each having its own common manufacturers. Class A: They Read More

The Basics of Classic Car Insurance: What You Need to Know

Classic Car Insurance

Auto insurance, or car insurance as some may call it, is insurance coverage that protects you and your car from damage-related claims. However, when it comes to classic cars, your typical car insurance may not provide the best kind of coverage. This article summarizes what you need to know about classic cars and how to insure them. What Makes a Car Classic? Classic means typical, so in simple words, classic cars are first-rate prototype cars. Although they may be old, they are not your typical Read More