Ford has applied for a patent for a technology that lets vehicles repossess, or repo, themselves.

<div class="block">Ford has applied for a patent for a technology that lets vehicles repossess, or repo, themselves. </div><div class="block">If owners ignore warnings about missed payments, the system would start disabling itself, starting with features such as GPS, air conditioning, cruise control, and the radio. Then it could make loud and irritating sounds when the driver is present, and finally it would lock the owner out of hte car.&nbsp;</div><div class="block">If the owner still doesn't act, the vehicle could drive itself to a spot for a tow truck to pick it up. </div><div class="block">The company <a href="https://www.npr.org/2023/03/03/1160932390/ford-patent-repossession-self-driving-cars">told NPR</a> it has no plans to roll this out anytime soon. It's also worth noting that Ford doesn't have autonomous vehicles yet, and that submitting patents is a part of the normal course of business.</div>

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Good2Know: Ford Submits Patent for Tech Allowing Cars to Repo Themselves 

Welcome back everyone. It's time for good to know your daily dose of news that could impact your day to day tax season is upon us and for a lot of people, it can be confusing, it can be overwhelming. So before you file, you might wanna be aware of these three tax credits. The first one. Earth Income tax credit also known as a refundable tax credit. Meaning if the credit amount is higher than your tax owed, the government will pay you the difference to be eligible. You have to have earned between 16,480 to $59,187 for 2022. The second is the child tax credit. If you have kids, it's a no brainer, right? The benefit can reach $2,000 per child up to 1500 of that is refundable and third is the American opportunity credit. It's an education focused credit that helps people with expenses like tuition. The American opportunity credit is targeted towards students, students pursuing formal degree programs with the American opportunity credit taxpayers can claim up to $2500 for expenses beyond tuition like text books, school supplies, anything you need for class, the credit can only be used for four years of post secondary education and eligible students have to be enrolled at least half time. Alright, I know this is very confused. I know a lot of information online. I know that was kind of a very long explainer of something that you have to be the biggest thing. Obviously at the end of the day, talk to your tax professional, if you are doing it to find out what other sorts of deductions or things that you can help out your taxes. At the end of the day, we know that most Americans their refund is going to be smaller this year than has been in years past because a lot of those COVID perks that people were able to file for in the years past have either gone away or they're much smaller than they have been in the. So once again, go through your tax professional and talk to them about what potential deductions you can get that will actually improve your, your refund. Meanwhile, soon God will be the days of the repo man as cars might be doing that themselves. Let me explain, Ford has applied for a patent for technology that will let vehicles repossess themselves. So if an owner ignores warnings about all of the miss payments, the system will start disabling itself, starting with features like its GPS, air conditioning, cruise control and even the radio and then it could make loud and irritating sounds when the driver is present next, it could lock the owner out of the car and guess what if the owner still doesn't act. This is the best part, the vehicle within drive itself to a spot for a tow truck to then pick it up. The company told NPR they have no plans to roll this out anytime soon, but it is worth noting that Ford doesn't have autonomous vehicles just yet. Company says that they submit patents on a new inventions as a normal course of business. But look with a lot of these smart, I know, but with these smarter cars like this, this is what's gonna start happening as a result of this. I mean, you and I have been in enough tests to know some of the cool features that are in there. I mean, when you use smart technology, it's not gonna be a surprise when you haven't made a payment on your car and all of a sudden your cars like, yeah, I'm not working for you now. It's a matter of time where this is going to affect all cars. I kind of love it. It's smart. And if you're planning a trip to the country, a part of the European Union next year, you might have to cough up a little bit of cash starting in 2020 for the European travel information and authorization system will require anyone who doesn't hold an EU passport to get pre trip permission to enter EU member countries that includes us, us citizens previously U S citizens did not need to do that. The application should take no longer than 10 minutes. It can be done online. The fuel costs about €7 which is about $7 and will remain in effect for three years.