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

The IRS provides student loan interest deduction that lets borrowers subtract some of the payments from their taxable income.

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

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 ...

The Treasury and IRS are implementing President Trump’s auto loan interest tax deduction, allowing eligible buyers to deduct ...

As Treasury Secretary Scott Bessent announced last year, taxpayers will receive “very large refunds,” in his own words, ...

If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

The latest changes come after the passage of the One, Big, Beautiful Bill Act (OBBB), which was signed into law on July 4, ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable income and reduce what you owe.

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...