« Fuel Savers kits to increase your car mileage? IRS Adjusts Mileage Deductions As Fuel Prices Spike We are from the IRS and we’re here to help you. Most people would smirk at such a statement, but the agency is actually very proactive when taxpayers face a universal issue like the current spikes in gasoline prices. One of the great deductions available in the tax code is the business mileage deduction. If you drive on business matters, you can deduct the mileage at the end of the year by multiplying your total miles by a figure set by the IRS. How does the IRS determine the business mileage deduction rate? It is a hodge podge of factors including car insurance, vehicle depreciation and fuel costs. When one of these goes up, the IRS reacts to its credit. The IRS uses projections to come up with a figure before each year begins to let taxpayers know what to expect. This year, the deduction rate was set at 50.5 cents for every business mile incurred. Although the milege deduction rate is usually not changed, there is precedent for doing so. When prices are serious effected, the IRS can act on its own as it did during Katrina when gas prices shot up do to gas shortages in the South. Whether it is profiteering, a weak dollar, peak oil or some other reason, oil prices have shot up in 2008. In San Diego, we are closing in on $5 a gallon. This is in comparison to 2002 when we were paying only $1.75 for the same gas. While the rest of the government twiddles its collective thumbs, the IRS is doing something to help people. Who would’ve guessed it? The agency has cranked the business deduction rate up to 58.5 cents for the remainder of 2008. How do I come up with a total deduction if there are two rate amounts? Split your mileage for the year into before and after June 30th figures. Multiply by the corresponding rate. Add the totals together and you have the deduction. Business miles are not the only transportation deduction getting a bump. You can deduct mileage incurred for moving for a job. The rate for the first six months of 2008 is 19 cents, but the final six months now have a rate of 27 cents. The tax code also contains a provision for a deduction for mileage incurred while helping a charity. The IRS does not control this deduction. Only Congress can modify it. As such, there is no change for fuel prices. Fuel prices are projected to only go higher for the foreseeable future. While the bump in the mileage deduction helps, it may not be the last one in 2008. Keep an eye out for more changes. »
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Admit it - the ever-increasing price of oil is sucking your bank account dry and makes it hopeless to even save a dime from fuel costs!
BUT it’s not easy either to take a bus or a taxi to get from one place to another in time. Not to mention it’s having that shiny car gives you a special place within the society.
Its just logical that several alternative fuel vehicles and other methods to save on fuel are devised to reduce the impact of constant oil price hike. BUT the bad news is most of these methods are NOT for everybody and none have been proven to be as effective as they claim.
And don’t even think about using gasoline. That’s a surefire way of getting you and your car caught because of harmful discharges and smoke belching.
Methanol, propane, ethanol - these are just some of the safer options to replace gasoline BUT the fact remains that none of these substitutes prove to 100% resolve the annoying issues behind commonly used fuel.
Worry NOT! Using water for fuel, which is rising in popularity, has been seen to stand out from all the alternative fuels around and by far, it is a nearly perfect solution from constant increase in oil price and health and environmental problems from it.
What could be better than dramatically lowering your fuel expenses and keeping the environment safe while doing so?
Matter of fact, the benefits and advantages of water-for-fuel are virtually endless. BUT I know you’re excited to know some of them so here are the 7 UNBEATABLE advantages of using water of fuel.
Fuel Saver Kit Unbeatable Advantage
1. See your gas mileage increase by up to 35% and that’s in spite of the driving conditions you’re in, which stands for $900+ at least every year.
2. Experience smoother, noise-free, and more placid driving with water for fuel.
3. See your engine’s performance and power greatly enhanced.
4. Did I mention water is 100% safe and effective as fuel alternative? Drop your worries about filling the environment with harmful smoke.
5. You’re assured that your car won’t add heat to he surroundings as water is an excellent coolant, too!
6. Get rid of the carbon building up within your car’s engine and put a stop to it PERMANENTLY.
7. Watch as your piston, rings, valves, etc. work way better and live a longer life.
We’re all familiar with water being used to safely produce electricity for a long time and it can do the same with your car’s engine.
And you don’t have to store gallons of water to make it work. With a very small amount of water along with electrolysis from your battery, your car will produce Brown’s gas or HHO which is 3 times more effective than oil and ordinary gas.
Engine boosting and money saving properties without harming the natural world - what could be better than that?!
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