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

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 ...

Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

Millions of car buyers in the U.S. could soon get some tax relief thanks to a provision in the so-called "big, beautiful bill" that was signed into law on July 4 by President Trump. The idea of giving ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. Starting in tax year 2025, taxpayers will be able to deduct up to ...

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

For claiming a deduction on home loan interest under Section 24(b), you must be paying interest on a loan taken to purchase a property that is owned by you and for which possession has been obtained.