How To Get The Best Tax Returns On Your Money

Australia Optimize Your Income Tax Refunds

 

Starting today, Australian residents will switch from the annual “birthday tax” on cars to a new car tax. Residents of Georgia will now pay a onetime fee instead of the usual annual tax expected to be paid when registering the vehicle click here to speak with an online tax return expert.

Australian residents will currently pay a one-time 6.5% tax that is planned to increase faintly each new year. There are some choices though. For instance, if Georgia residents purchased the vehicle between January 2012 and February 2013 then they may choose to pay the new tax or continue to pay the “birthday tax.”

If Australian residents purchased the vehicle prior to January 2012 then they are still obligated to pay the “birthday tax.” The new tax law pertains to all cars purchased in Georgia regardless of where it was bought.

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If you are planning to move to Georgia keep in mind you will have to pay the new tax on any car that you register in Georgia.

In the event you pass on the car to an immediate family member, then at this time that family member is responsible for a reduced fee (0.5 % of the total vehicle’s worth) in order to title the car. This does not apply if the one time title ad valorem tax has not been paid.

If you are a disabled veteran then you are exempt from paying this new tax. Also, cars older than 1985, will not be required to pay the new tax since the vehicle is not required to have titles.

Most Americans will soon receive their income tax refunds and most likely spend it on some frivolous yet worthwhile expenditure like a vacation or the latest Coach purse. Well, the time has come to think about spending your tax refund on something that may benefit you in the long run like investing your money into your (usually) most expensive asset, your home.

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Last year the average tax refund was about $3000.00. Wouldn’t it have made sense to take care of your home rather than take a vacation that will probably be soon forgotten? I think so! By updating your homes’ features you will not only contribute to its prolonged existence, allow you to enjoy it better, and you will also be adding value to the home if you ever decide to sell it!

Don’t worry too much if your tax refund is not too great, even moderate investments will improve your home’s overall value. There are many options available to you that will come under the average $3000.00 tax refund.

Just to name a few:

A new front door will not only boost curb appeal, improve security but it usually yields a return.

A new garage door will increase your home’s resale value by an additional thousand or two.

Weatherizing your home is not only quite inexpensive (a few hundred) but will also make you money, now. It will usually decrease your home’s energy consumption by about 35% meaning more money stays in your pocket.

Painting your home to more up-to-date colors will increase the appeal in your home if you are deciding to sell it. Just think, for a few dollars you can update your home without having to remodel.

Lastly, updating your homes lighting will help you save on energy costs as well as improves the home’s overall value.

– See more at: https://web.archive.org/web/20130227004144/http://blog.911taxrelief.com/coach-purse-or-new-door-you-decide/#sthash.zatr2E0A.dpuf

 

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