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Here's Every Vehicle That Qualifies for an EV Tax Credit in 2024

The Motley Fool

The IRS offers a tax credit worth up to $7,500 for buyers of new EVs to help with this, but only certain vehicles qualify. If you claim the full credit when you don't actually qualify for it, you'll have to pay the IRS back at tax time. What if your vehicle doesn't qualify for a tax credit?

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Resold Those Taylor Swift Tickets at a Profit? You May Have a Tax Bill to Contend With

The Motley Fool

But the average price of a resold ticket was a whopping $2,183, according to resale research site TicketIQ. But you should be aware that that could end up causing you a bit of a tax filing headache. The problem, though, is that while salaried wages typically have taxes withheld, most other types of income don't.

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Why ThredUP Stock Jumped Today

The Motley Fool

What happened Shares of ThredUP (NASDAQ: TDUP) popped today after the clothing resale specialist posted better-than-expected results in its second-quarter earnings report even as growth remains slow and the company is unprofitable. The stock closed up 26.1% on the news. So what Revenue rose 8% to $82.7 Active buyers were down 0.8%

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3 Little-Known Perks of Owning a Hybrid Car

The Motley Fool

Some hybrids qualify for tax credits For hybrids and EVs, the tax credits can be confusing -- particularly since the rules are constantly evolving. Traditional hybrids don't qualify for the tax credits (worth up to $7,500), but some plug-in hybrids do. You don't need to wait until you file your tax return. Even better?

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Why Opendoor Stock Plunged 34% in April

The Motley Fool

Opendoor's struggles won't end until the housing market improves Opendoor operates an iBuying business, which means it buys properties for resale on its website and provides a digital marketplace for homes. It sold 3,078 homes for $1.2 billion, more than its guidance for a high of $1.1 Gross profit was $114 million with a 9.7%

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Did You Sell Tickets or Make Money Online in 2023? Here's Some Great News

The Motley Fool

The thinking behind this was that if a business you own was being paid for goods or services online, it would trigger tax reporting to the IRS. In other words, if you sell concert tickets online and receive $700, you (and the IRS) would receive a tax form reporting the sale. There are a few reasons for the delay.

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5 Good Reasons to Consider Donating Your Vehicle

The Motley Fool

You might be thinking about resale value and lining up a buyer, and that's certainly one way to go. Just make sure you choose a qualified tax-exempt organization to donate to. You'll get a tax break You can qualify for a charitable donation deduction on your taxes if you donate your vehicle. But now it's time to move on.

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