The new BBB tax cuts bring targeted relief, but for many taxpayers, actual savings may be limited or even unnoticeable in 2025.

As a 2024 presidential candidate, Donald Trump promised to reduce the corporate tax rate from 21% — the rate set by Trump's 2017 tax law — to 15% for companies that make their products in America. His signature tax legislation, which he signed July 4, doesn't do that.

Let's assume an interest rate of 9.5% on a six-year car loan. On a $42,000 car loan in this example, the borrower would pay $768 a month. The first year of interest would add up to a bit more than ...

Despite falling interest rates and rising tariffs, US bond yields, a weakening dollar, and soaring gold signal foreign investors’ unease with Trump’s budget, risking inflation and financial instability.

Credit scores between 501 and 600 carry a 13.08% average interest rate on a new car loan, while 300 to 500 ratings incur a 15.75% rate. If the average driver pays $2,000 on auto loan interest in a ...

For top-bracket taxpayers, the Proposed Deduction reduces the effective tax rate on qualifying BDC interest income from 40.8% to 32.29%, an 8.51% reduction.

Congressional Republican Tax Proposals Would Push Inflation and Interest Rates Even Higher. Against a backdrop of tariffs pushing consumer good prices higher, Congress’ budget reconciliation ...