Want that $7,500 EV tax break? Why buyers need to talk with an accountant and not just a car dealer

Title: Want that $7,500 EV tax break? Why buyers need to talk with an accountant and not just a car dealer

Article Snip: "...Consumers considering electric vehicles, solar panels or other home energy efficiency upgrades should do some tax planning before making big-ticket purchases ...Want that $7,500 EV tax break? Why buyers need to talk with an accountant and not just a car dealer /tt>"

Reference: www.marketwatch.com
Tesla, Tax Credit, EV tax break,Taxes in Retirement,

5 Hidden Tax Benefits of Retiring in Florida

Title: 5 Hidden Tax Benefits of Retiring in Florida

Article Snip: "It’s no secret that Florida is a mecca for retirees. ...Florida’s cost of living is 1% higher than the national average, with housing being 2% higher than the national average, and utilities 3% higher, according to RentCafe data. However, these are offset by the lower costs of basic necessities such as food, clothing and healthcare — which are 2% lower.  These lower costs combined with the tax advantages make Florida a no-brainer retirement state for many Americans. ..."

Reference: www.nasdaq.com
www.nasdaq.com

Is a retirement pension considered income?

Title: Is a retirement pension considered income?

Article Snip: "...Pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes. You may need to pay income tax, but you do not pay Social Security taxes..."

Reference:
Pension Payments,social security,earned income,Taxes in Retirement,

These are the 13 states that might tax your Social Security benefit

Title: These are the 13 states that might tax your Social Security benefit

Article Snip: "...the tax buck doesn't stop with Uncle Sam. Believe it or not, 13 states also tax Social Security benefits to some varied degree. Listed in alphabetical order, these states may take an additional bite out of your Social Security income, if given the opportunity..."

Reference: www.usatoday.com
social security, Taxes in Retirement,

Top ten states with the highest sales tax rates in the US

Title: Top ten states with the highest sales tax rates in the US

Article Snip: "...ALABAMA (9.14%) – The state sales tax rate in Alabama is only 4%, but again the majority of the sales tax rate comes from a combination of city, county, and district rates. Many cities have a combined rate in the double digits, with the highest being 11% in the city of York..."

Reference: intuit.com
high-tax states for retirement, Taxes in Retirement, highest sales tax rates in the US, Alabama,

Which States Tax Groceries?

Title: Which States Tax Groceries?

Article Snip: "...States that tax groceries (rate if not fully taxed): Alabama, Arkansas (3%), Hawaii, Idaho, Illinois (1%), Kansas, Mississippi, Missouri (1.225%), Oklahoma, South Dakota, Tennessee (5.5%), Utah (1.75%), Virginia (1.5% + 1% local option tax), and West Virginia (5%)..."

Reference: taxfoundation.org
Taxes in Retirement, high-tax states for retirement, Grocery Taxes, Which States Tax Groceries?, Alabama,