Drivers are looking a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 federal ...

The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

In 2025, the One Big Beautiful Bill Act (OBBBA) introduced a significant change in retirement taxation with the $6,000 ...

The proposed regulations issued today relate to a new deduction for interest paid on vehicle loans incurred after Dec. 31, ...

Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...

President Donald Trump’s “Big Beautiful Bill,” which he signed into law in July, includes provisions that could impact many ...

Social media posts claim President Donald Trump just signed a bill that would allow for home gyms to be tax deductible. They ...