Money Talks News on MSN
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 ...
2025 tax deduction allows buyers to save on auto loan interest, making car ownership more affordable for qualifying vehicles.
GOP budget reconciliation bill, which became law in July, created temporary tax deductions for tips and overtime compensation.
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 ...
Among the changes, it's removing local income tax savings tied to the new no tax on tips deduction and the $6,000 bonus ...
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 ...
Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.
With the passing of the One Big Beautiful Bill Act, new changes to your charitable contribution deductions could be significant depending on whether you give in 2025 vs 2026.
DC just suspended major new federal tax breaks, and the move could spark big changes in Georgia’s own tax rules. Here's what ...
Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...
Tax deductions sound appealing until you realize you’re spending a dollar to save 25 cents. Borrowing against your home to ...
The IRS quietly released new tax brackets for 2026. Some Americans will save thousands while others won’t be so lucky. What ...
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