A new bill introduced in the Illinois Senate would allow drivers to write off interest paid on certain car loans, closely ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

Taxpayers may get bogged down in the complexities of claiming deductions for tips, auto loan interest and overtime pay.

Hawaii taxpayers stand to receive dramatically stunted financial savings under a plan by Gov. Josh Green to cancel future ...

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

This will come as good news to many Americans. But the reality is that your tax refund isn’t a windfall, nor is it government generosity — it represents taxes that you overpaid during the year that ...

A proposal moving in the Florida Legislature seeks to end the double taxation of charging station electricity.

The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to ...

Master how to calculate sales tax and find out how much you'll really pay. Includes tips, examples and local tax rate info.

Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...

The “No Tax on Car Loan Interest” provision in the One Big Beautiful Bill Act allows eligible new car buyers to deduct up to $10,000 in car loan interest per year. This deduction is only applicable to ...