Autos Feed

With companies reopening as the coronavirus has abated somewhat, rush-hour traffic has returned to highways across the United States. Austin area workers, like these on the Capital of Texas Highway, are among those resuming commuting. (Photo by Tony Webster via Flickr) Many workplaces across the United States are returning, at least in part, to pre-COVID-19 form. That means many employees are heading back to their offices. And that means commuting is returning, too. The good news for many workers is that they get tax-free help in going back to their jobs. Since it's been a while between bus, train, vanpool... Read more →


Photo courtesy Zutobi Could it be? Is Infrastructure Week finally happening? Maybe. There are bills and revisions to bills and working groups and bipartisan agreements and partisan criticisms of agreements. The only thing that the, at last rough count, eight transportation-plus proposals floating around on Capitol Hill have in common is that none has the votes right now in either chamber to pass. But things are fluid and could change, for better or worse (depending on your political and fiscal position), at any time. The only certainty is that something must be done by the end of this 2021 fiscal... Read more →


The Biden Administration has made no secret of its support for electric vehicles. President Joe Biden emphasized that commitment, as well as his general love of motoring, when he took the wheel of Ford's new electric pickup truck at the Michigan plant on May 18. Now Congress is following up on the White House electric auto initiative. $5,000 EV credit hike: Part of the Clean Energy for America bill would boost the current maximum electric vehicle (EV) tax credit from $7,500 to a potential $12,500. It cleared the Senate Finance Committee on May 26. The added $5,000 in tax credits... Read more →


During the height of the COVID-19 pandemic, airline health protocols got most of the attention. That's not surprising, since when flying, we're all trapped for hours with strangers in a metal tube with recycle air. Now, with more of us vaccinated and ready to get out again and see sights beyond our homes, the travel focus has shifted. It's Memorial Day weekend, the unofficial start of summer and a major road-tripping holiday. Highway bound: AAA expects Memorial Day 2021 travel to rebound substantially. The national motoring membership organization predicts 60 percent more travelers this long holiday weekend than last year's... Read more →


President Joe Biden's heart may belong to his 1967 classic Corvette Stingray, but he's working to make Uncle Sam's 600,000 automotive fleet electric. (Photo by Adam Schultz via Flicker) Much of the focus on the new White House understandably has been on President Joe Biden's COVID-19 relief package. But Biden also has been pushing his alternative energy plans, specifically a move to electric vehicles (EVs). Just days after his inauguration, he vowed to replace the bulk of the federal government's fleet of vehicles with made-in-America EVs. On Tuesday, March 2, Biden met virtually with executives in the EV charging infrastructure... Read more →


Welcome to Part 10 of the ol' blog's series on 2021 tax inflation adjustments. We started with a look at next year's income tax brackets and rates. That first item also has a directory, at the end of the post, of all of next year's tax-related inflation updates. Today we wrap up the series (finally!) with standard optional mileage rate changes. Note: The 2021 figures in this post apply to that tax year's returns to be filed in 2022. For comparison purposes, you'll also find 2020 amounts that apply to this year's taxes, due April 15, 2021. via GIPHY As... Read more →


No, there isn't an electric version of Chevrolet's iconic Corvette (because who would want that!), but you have lots of other electric vehicle options that could get you not only a new car, but a nice federal tax credit. There are a couple of television commercials I look forward to every holiday season. There's the Corona Extra "Oh Tannenpalm" spot that's been airing for 30 years. And, of course, there's Hershey's Kisses handbell choir, which has been running even longer. Not as welcome, but as inescapable this time of year are the automaker ads with cars bearing giant bows. I've... Read more →


No gasoline necessary for electric vehicles like this Chevrolet Bolt, which instead is plugged in to recharge for the road. If you opt for an IRS-certified electric auto or light truck, you might get some tax break help on your purchase. Climate change is getting more coverage lately. People are paying attention to what's happening with Mother Nature here in the United States thanks to the opposing environmental takes by the two presidential contenders. On a more personal level for many Americans is that we're in the midst of one of the most active hurricane seasons ever — we're already... Read more →


The vehicle lights coming and going across Pennybacker Bridge in northwest Austin are lovely in the evening, but the image also illustrates, as photographer Manuel Garza (via Flickr) notes, "the traffic sucks." I can't speak for all the country's suburbs, but I know mine is pretty sure that our neighborhood will still be around after the coming presidential election even if Joe Biden does move into the White House. We are, however, a bit concerned about how our continuing life here outside Austin's downtown might be affected by a proposed real estate tax increase that also will be on our... Read more →


The Trump Administration plans in the next few weeks to announce a $1 trillion infrastructure bill, according to Bloomberg and Financial Times. The proposed spending on roads and bridges is seen as a way to further jump start the COVID-19 hobbled U.S. economy. The money reportedly would be spent over 10 years, but those familiar with the White House thinking say the plan is still "fluid and could take time." It also would go head-to-head with not only a sizable Democratic highway bill now before a House subcommittee, but also a GOP version that cleared the Senate last summer. Mapping... Read more →


This is what I paid for a gallon of gas four years ago. It's not quite that cheap right now, but fuel prices here and nationwide are heading down again. Life is full of trade-offs. That includes our tax lives. If you have money in the stock market, the continued declines of asset values are, at best, disconcerting. Uncertainty about the coronavirus, both how quickly it's spreading and questions on how to contain it, have been a major factor in the market's losses. But another factor came into play with today's dive. The biggest oil price crash in decades sent... Read more →


Millions of Americans are self-employed. In the Internal Revenue Service's Statistics of Income count for tax year 2017, more than 26 million of U.S. nonfarm taxpayers filed as sole proprietors, submitting Schedule C along with their annual Form 1040 individual tax returns. The great thing about Schedule C is that is offers lots of ways sole proprietors, of which I'm one, can reduce our gross self-employment earnings. But one of those deductions that many likely claimed on their 2017 Schedule C has in subsequent years become a source of confusion and consternation. The tax break for business meals and entertainment... Read more →


My [too] many medical treatment folders and dedicated medical travel log. (Kay Bell photo) I'm in the tax filing minority. I still itemize. Medical issues are the primary reason I've been filling out Schedule A for the last few years. Not to bore you with the gory details, but recently I've had a couple of medical scares and surgeries. Combine those with the requisite multiple physician follow-ups (this afternoon I'm heading to my fifth of sixth doctor appointments this month), continued testing and, of course, prescriptions and let's just say I'm helping many, many doctors pay off their vacation homes... Read more →


via GIPHY If you used your car for business purposes last year, you probably did the same thing I did on New Year's Eve. You took a quick look at your auto's odometer and jotted down the miles. Keeping track of your annual miles driven and those specifically attributable to business travel can help you reduce taxes on your self-employment income. There are a couple of ways you can track this travel, either by keeping good records of your actual business-related auto usage (more on this in a minute) or by claiming the optional standard mileage amount. That standard amount... Read more →


More than 55 million people are expected to travel this Thanksgiving week, according to AAA, with the majority of them doing so via vehicle. If you're among this group of travelers, drive safely! (Photo by Reinis Traldas via Flickr CC) The hubby and I aren't going over the Pedernales River or through the Hill Country meadows this Thanksgiving. In fact, we usually don't. We have our own small family spread of Texas smoked brisket, sausage and all the yummy sides like ranch beans, coleslaw and potato salad. We do incorporate a few traditional Turkey Day elements into our November holiday.... Read more →


Today I'd rather be in the Midwest, say northern Ohio or Michigan, at least as far as the weather. Yeah, it's chillier than I like, but at least it's not so dang windy. As the screen shot above of the live wind map wind shows, the rest of the country is dealing with some strong gusts. Locally, we're at around 13 mile per hour sustained wind, with gusts up to 30 mph. Where wind pays: You'd think I'd be used to the wind. I did, after all, grow up in West Texas, where the wide-open spaces are perfect to spin... Read more →


It's that time of year again. Actually, that time was at 2 a.m. today (Sunday, Nov. 3, 2019). That's when most of us said goodbye to Daylight Saving Time and hello to the return of Standard Time. As we deal with the timepiece trickery, a lot of us (me!) suffer a sort of jet lag as our body clocks adjust to the new time and impending earlier arrival of sunsets. But the fall back to Standard Time also is a good reminder that standard is a good thing for millions of taxpayers. A couple of tax standards, the standard deduction... Read more →


Teslas are the most popular electric vehicles (EVs) in the United States. Creator Elon Musk, however, isn't riding on his EV's laurels. The space exploration and auto impresario says some unusual custom horn sounds are coming. That's right, the honk of your high-dollar Tesla soon could replicate fart and goat noises. That should spark more potential owner interest, although the biggest market for this change, 9-year-old boys, can't drive. Still, Musk knows he needs to do something to keep interest in Teslas high since the EVs no longer qualify for the federal tax credit. Worse, a new report from an... Read more →


Lyft and Uber rides would face a new fee in Seattle to help pay for a public transportation option. (Photo by Daniel X. O'Neil via Flickr Creative Commons) The hubby inherited some gas leases from a distant relative many years ago. It's not quite the same as Texas legend Eddie Chiles' famous urging that "if you don't have an oil well, get one," but the royalties have come in handy. One of the first purchases we made using this money was to buy new bicycles. We got a kick out of fossil fuels paying for a more climate-friendly way to... Read more →


As I was making my usual trip between my mother's and home, I noticed a wide range of prices at gas stations along the way. Heck, I noticed some wide differentials in fueling stops less than a mile apart in my area of Austin. The one consistent factor was that they all were down from earlier this summer. That's not a surprise. Now that the long Labor Day weekend is over, the summer vacation season where most folks still load the family in a car and hit the road is done, too. So what exactly affects the price of gasoline?... Read more →