This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

The law does not automatically provide a tax break for interest on every car loan. Only new car buyers who meet these specific qualifications can benefit.

Taxpayers and businesses are encouraged to review IRS instructions and updates closely as new rules take effect.

The Internal Revenue Service released proposed regulations on car loan interest, setting the stage ...

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

He almost signed his own deportation. A habeas petition in a New Mexico federal court saved him.

The Internal Revenue Service has released proposed regulations clarifying how a new auto loan interest deduction will work, ...

Over the next few months, millions of Americans across the country will begin their annual preparations for filing their taxes in April. Ahead of tax season, the Internal Revenue Service (IRS) has ...

Is vehicle sales tax deductible? Find out how you can lessen your tax burden. Learn who can qualify and how you can claim and calculate your deduction.

President Donald Trump is selling a new auto tax break as a windfall for drivers, with headlines touting a $10,000 perk for ...