The so-called "no tax on car loan interest" promise has enough dents and dings to leave plenty of car buyers upset when they ...

In addition to capping your car payments at about 15% of your monthly take-home pay, financial experts also recommend that ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

I will turn 65 in March. If I wait until then to file my federal income taxes, can I get the bigger senior deduction ? They ...

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, ...

The Tax Foundation, a nonpartisan think tank, estimates that the various tax cuts included in the bill will increase the ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

President Donald Trump’s “Big Beautiful Bill,” which he signed into law in July, includes provisions that could impact many ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...