Dealing With Tax Problems: Easy As Pie: Difference between revisions

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Revision as of 16:29, 4 October 2024

The HVUT, or Heavy Vehicle Use Tax, is an annual tax paid by truck drivers or owners of trucking companies. It applies to drivers operating large vehicles on our nation's highway, and many money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new creations.

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A personal exemption reduces your taxable income so you end up paying lower taxes. You could be even luckier if the exemption brings you to a lower income tax bracket. For the year 2010 it is $3650 per person, same in principle as last year's amount. In 2008, numerous was $3,500. It is indexed yearly for air compressor.

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