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The New Tax Deduction for Car Loans Isn’t As Great As It Sounds. Here’s How It Works.
The new tax deduction on car loan interest is only available for tax year 2025 through tax year 2028. So, you can only use it ...
GOP budget reconciliation bill, which became law in July, created temporary tax deductions for tips and overtime compensation.
The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...
W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...
2025 tax deduction allows buyers to save on auto loan interest, making car ownership more affordable for qualifying vehicles.
Among the changes, it's removing local income tax savings tied to the new no tax on tips deduction and the $6,000 bonus ...
In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act ...
Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...
DC just suspended major new federal tax breaks, and the move could spark big changes in Georgia’s own tax rules. Here's what ...
The IRS quietly released new tax brackets for 2026. Some Americans will save thousands while others won’t be so lucky. What ...
Discover 20 real estate tax deductions agents actually use to lower their taxable income, cut costs and keep more of their ...
Tax deductions sound appealing until you realize you’re spending a dollar to save 25 cents. Borrowing against your home to ...
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