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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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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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Why I'm No Longer Making Any Improvements to My Home

The Motley Fool

I also don't think it will be necessary for the purpose of selling my home, and I don't want to make my property taxes an even bigger financial burden. So the way I see it, why should I spend money to increase my home's resale value when I can already sell it for a lot more than what I paid? home sold for $275,200.

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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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Why Hertz Stock Tumbled and Then Recovered Today

The Motley Fool

That was the result of an overdone push into electric vehicles, whose resale values have plummeted, as well as its purchases of gas-powered vehicles a few years ago when their prices were soaring due to supply-chain-related shortages.

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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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Is Donating Your Car More Expensive Than Selling It? Let's Find Out

The Motley Fool

Image source: Getty Images If you have an older, high-mileage vehicle, it may not have much resale value. What about the tax deduction? It's true that donating a car could help you score a tax deduction -- but you'll need to itemize instead of taking the standard deduction. One alternative: donating your car to charity.

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