Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

Dollar and Thrifty customer rentals were scanned exiting the garage Tuesday at the Consolidated Rent-A-Car facility at Daniel K. Inouye International Airport top. At the Consolidated Rent-A-Car ...

A new tax form related to digital assets is set to change how millions of crypto investors file their taxes and failing to understand it could mean paying more than necessary. Beginning with crypto ...

The policy, signed into law in July 2025 in the One Big Beautiful Bill Act, comes with significant eligibility restrictions and conditions. Money; Getty Images Drivers who purchased vehicles after Dec ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...

This year, there’s a new tax break for those who bought a new car in 2025. Drivers may be able to deduct part of their loan payment from their taxes, as part of the “One Big, Beautiful Bill.” It ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan being a first lien on the vehicle. The deduction has an annual limit of $10 ...

Short answer: No. Political donations aren’t tax-deductible under federal law, even if you’re donating to support a candidate, party or ballot issue you strongly believe in. This rule applies to ...

PHOENIX — Gov. Katie Hobbs is disavowing what members of her Department of Revenue told lawmakers about what happens if people start filing state taxes using the forms now available. The governor said ...