Ford outlined which models qualify for a $10,000 loan interest deduction under federal tax law, including the F-150, Mustang, ...

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, ...

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

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

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

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 ...

A campaign promise is now law. Learn about the new federal tax deduction for tipped income, who qualifies, and how it could ...

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

The Department of the Treasury and the Internal Revenue Service provided guidance on the “No Tax on Car Loan Interest” provision enacted under the One, Big, Beautiful Bill. The proposed regulations ...

For retirement savers and retirees, the new year brings more than the usual inflation adjustments to retirement contributions ...