We are in the middle of tax season. Like practically every year, there are updates and changes when it comes to filing ones taxes — new tax credits, deductibles, rules and regulations.The list goes on ...

Many taxpayers do not see the full benefit of new tax deductions for seniors, tips, overtime, and car loan interest due to tough income phaseouts.

A new tax deduction allows buyers to claim up to $10,000 a year on interest paid for new, American-made cars. The deduction applies to qualifying vehicles purchased between Jan. 1, 2025, and Dec. 31, ...

Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

The IRS has released guidance on a new deduction that allows eligible taxpayers to write off up to $10,000 in auto loan ...

A new federal deduction allows some drivers to write off interest on new car loans. Here’s who qualifies and how to claim it.

A new deduction will allow taxpayers to deduct the interest they paid on a car loan in 2025. But the car loan must be for a ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan being a first lien on the vehicle. The deduction has an annual limit of $10 ...