IRS announces major changes to tax deductions

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

When is auto insurance tax deductible?

Auto insurance can be tax deductible when you use your vehicle for business. Learn what you can write off and how to find the ...

IRS hands workers bigger tax break for business expenses in 2026

Gig workers get a tax break with higher mileage rates for 2026. The IRS increased business driving deductions to 72.5 cents per mile from last year.

Made-in-U.S. cars to qualify for new tax perk, IRS says

Taxpayers should check the vehicle information label to figure out whether a car they purchased this year qualifies for Trump ...
ABC12

Here’s who will — and won’t — qualify for car loan interest deduction

President Donald Trump's mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new ...
NBC New York

Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners

Tax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans. Many new tax breaks in the bill — on auto loans, tips and overtime ...
Forbes

‘No Tax On Car Loan Interest’—Tax Reform Or Facade?

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 ...
WRAL

Here’s who will — and won’t — qualify for the new car loan interest deduction

(CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. (CNN) — ...