The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...

Retirement is supposed to be a time when things get simpler. You've worked hard for decades, and now you expect to reap the ...

Buying a new American-made car could mean a bigger tax break for many Americans. Under President Trump's new bill, drivers ...

Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

I will turn 65 in March. If I wait until then to file my federal income taxes, can I get the bigger senior deduction ? They ...

On Wednesday, January 7, U.S. Treasury Secretary Scott Bessent addressed a major headwind to the U.S. auto industry -- ...

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

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 ...