Question for you tax gurus?
#1
Question for you tax gurus?
Last week I went to get my truck inspected (Peoples Republic of Taxachusetts). Now for those that don't know it, Mass. makes anyone with a DRW truck register it as a commercial vehicle, whether you use it commercially or not. It costs me about $125.00 every year to keep this truck on the road. Cars cost about $35.00 every 3-4 years. Just because I've got 2 extra wheels on the back.
This year they've added a new one. I had to under go a full D.O.T. inspection. That means I had to have a fire extinguisher, safety triangles, chock blocks and spare bulbs and fuses in the cab. They checked everything you'd normally check on a tractor-trailer (except air brakes, obviously). This inspection took over 1/2 an hour and cost me $74.00 (I've heard some have paid over $100.00). Regular passenger vehicles only cost $29.00.
Now my question. If Mass. is going to treat my little F-350 like a big rig, why can't I deduct fuel, maintainance, repairs, insurance and truck payments off of my taxes?
Howard
This year they've added a new one. I had to under go a full D.O.T. inspection. That means I had to have a fire extinguisher, safety triangles, chock blocks and spare bulbs and fuses in the cab. They checked everything you'd normally check on a tractor-trailer (except air brakes, obviously). This inspection took over 1/2 an hour and cost me $74.00 (I've heard some have paid over $100.00). Regular passenger vehicles only cost $29.00.
Now my question. If Mass. is going to treat my little F-350 like a big rig, why can't I deduct fuel, maintainance, repairs, insurance and truck payments off of my taxes?
Howard
#2
#3
Join Date: Oct 2005
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Actually you can if you have a hobby that does net you some profit as well that involves extensive traveling, but otherwise you'll actually have to have a business that every now and then gets you a net profit for the year. Doesn't have to every year, but it does have to happen sometime. Bottomline is that you have to have some type of profit motive, but better be prepared to cover your *** if they come sniffing and have everything on hand.
#4
Come on out to NV. I am paying $700 a year for my truck in sig. That is not including the smog for $40.
I know...it's all relative. Just giving you a hard time. But honestly...you do have it cheap compared to other states. That is a pain that they make you have all that stuff in your truck for the inspection.
I know...it's all relative. Just giving you a hard time. But honestly...you do have it cheap compared to other states. That is a pain that they make you have all that stuff in your truck for the inspection.
#5
Come on out to NV. I am paying $700 a year for my truck in sig. That is not including the smog for $40.
I know...it's all relative. Just giving you a hard time. But honestly...you do have it cheap compared to other states. That is a pain that they make you have all that stuff in your truck for the inspection.
I know...it's all relative. Just giving you a hard time. But honestly...you do have it cheap compared to other states. That is a pain that they make you have all that stuff in your truck for the inspection.
Howard
#6
Your inpsection costs for that truck are less than what I paid for my vehicles when I lived in Pittsburgh. They were all gassers and required emissions for a grand total of around $80 each; I had 3. Your registration fee is consistent with VT for my truck in sig when I had it registered there. I guess what I'm saying is that you're paying a lot, but the only crazy thing is that you need DOT inspection, extinguishers, etc.
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Howard
#11
Join Date: Oct 2005
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Dallas area is a transitional area. You can get really humid days and really dry days. Rainfall there is about average when compared to southern states(40-50 inches a yr. in Dallas(well Plano actually)).
#13
I've been checking the weather in the Dallas area over the past few months. Daytime lows in the 50's with some days as high as the 70's. Overnight lows in the 30's. IN FREAKIN' JANUARY!!!! Hot damn, I can deal with that!
Summers are a little warm, but I'm getting to that age where the heat doesn't bother me as much as it once did. Heck, I'd move to Fl. if it wasn't for the summer humidity.
Howard
P.S. I just realized something. I hijacked my own thread.
#14
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Ice is a big problem in Dallas as well. It also gets on occasion more humidity then Florida(depending on what part of Florida that is).
Now global warming might be changing that to a degree, but that's my experience.
#15
Howard