The president declared St. Charles County a federal disaster area. Taxpayers who live or have a business in the disaster area may qualify for tax relief.The IRS extended certain deadlines falling on or after April 29, and before August 30.

MO will not assess any penalty before 12/31/19, for a delayed payment or underpayment of an individual income tax liability for the 2018 tax year. The relief applies only if the taxpayer timely files a 2018 return and participates in good faith in a payment plan authorized by the DOR. The state may still assess interest on the liability, but not before 05/15/19.

If you use your vehicle for business purposes, the IRS allows you to write off some of the vehicle's cost. By depreciating your vehicle, you deduct a specified amount of your taxable income to account for the vehicle's loss of value for each year of use. The IRS sets annual depreciation caps for luxury vehicle owners who opt for the actual cost method.