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These financial “vehicles” are set up to ensure guaranteed income down the road that can be used to sustain a lifestyle you’re accustomed to. The good news is that both vehicles let you save ...
Mature drivers can often snag lower car insurance premiums and access special discounts that can put hundreds back in your wallet each year. Learn 8 proven ways to maximize savings on auto ...
Generally, older, less expensive vehicles are cheaper to insure than newer, higher-performance cars. Read more: check out our picks for the best car insurance companies 3.
[3] [4] In other words, the micro-captive's underwriting income – the difference between earned premiums and incurred losses – is exempt from federal income tax. [5] As of 2020, to qualify for 831(b) status, the insurance company's written premium income must not exceed $2.3 million in a given year, a threshold that is indexed for inflation.
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [ 1 ] [ 2 ] Vehicles purchased after December 31, 2010 are not eligible for this credit.
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