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tax deductions

The Tax Deductions Most People Miss

The good thing about taxes is they’re only filed once a year. The bad thing is it’s almost impossible to …

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Mortgage Interest Deduction

With the fiscal cliff drawing ever closer and lawmakers still at loggerheads when it comes to determining what federal programs …

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Two cars were recently qualified by the Internal Revenue Service for the hybrid tax credit enacted by the Energy Policy Act of 2005: The tax credit for hybrid vehicles applies to vehicles purchased on or after January 1, 2006, and may be as much as $3,400 depending on the fuel-efficiency of the vehicle. The newest hybrid vehicle qualified by the IRS are:
* 2007 Toyota Camry Hybrid $ 2,600
* 2007 Lexus GS 450h $ 1,550

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