Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Archive for August 20th, 2009

2009 California Tax Rates

Posted by taxguru on August 20, 2009

Unlike the Federal tax rates, which have their annual inflation adjustments announced before the tax year starts, the geniuses in my former home state wait until the year is half over to do those calculations.

Spidell has just released a handy two-page pdf with the new 2009 inflation adjusted rates, credits and deductions for personal income taxes.

Posted in StateTaxes | Comments Off on 2009 California Tax Rates

Recording Mileage

Posted by taxguru on August 20, 2009

While keeping track of financial matters is relatively easy with QuickBooks, logging a year’s worth of trips in order to document business usage of a vehicle is a much more laborious task.
I don’t have an iPhone and have no plans to get one; but as a life-long gadget freak, I have been intrigued by the growing list of applications being developed for it. In the latest Intuit newsletter, I just saw an ad for this app called Tap2Track Mileage that is supposed to use the iPhone’s GPS capability to keep a log of vehicle trips that can produce an Excel spreadsheet that will be very useful at tax time.
This reminded me of a much more complicated gadget that was available in the mid 1980s for logging vehicle miles. That contraption required installing magnets onto the vehicle’s drive shaft to record mileage on a device inside the vehicle, producing a paper listing of miles driven for business, medical and charitable purposes. If I remember correctly, that product sold for around $500; much more than the $3.99 this new app sells for.

I would be very interested in hearing from anyone who uses this new app as to how accurate and convenient it is in real life usage.

Posted in gadgets, Vehicles | Comments Off on Recording Mileage