For 2009 only, individuals can deduct sales tax paid on the purchase of a new vehicle. The deduction is available for cars, trucks, motorcycles, motor homes and recreational vehicles.

Claiming the Vehicle Sales Tax Deduction: People won't need to itemize to take this deduction. Instead, the deduction will be added to a person's standard deduction. Itemizers will take this deduction in addition to the deduction for state and local income taxes.

Taxes are sometimes considered after the fact, but capital gains can have big impacts on investment results. When making investing decisions take into account that different types of capital gains are taxed at different rates. Here we present the different types of capital gains, and considerations when taking future investment decisions.

A tax shelter is any investment designed to reduce or avoid income taxes. Congress created these Tax shelters to serve some major economic or social goal.

As a citizen, you have an obligation to the country's tax system, but you also have an obligation to yourself to know your rights under the law and possible tax deductions and to claim every one of them.

Real estate is a great tax shelter
Traditional tax shelters have included investments in real estate, oil and gas, equipment leasing, and cattle feeding and breeding programs.
Real estate is the most popular tax shelter. Real estate provides leverage, an inflation hedge, cash flow and equity buildup.

As your property appreciates in value, you are allowed a paper deduction for depreciation. If structured correctly, you buy the property with your down payment.