Taxpayers who purchased a new vehicle in 2025 may qualify for a new deduction on their taxes — even if they're not itemizing.

KEY TAKEAWAYS Under a new tax break from the "One Big, Beautiful Bill," taxpayers will be able to deduct part of the interest ...

The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

Starting in 2026, the Internal Revenue Service will allow standard deduction filers to write off cash donations under the One ...

Splitero reports homeowners should review tax deductions and credits before filing 2025 returns, including itemizing vs.

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

Every year, tax day sneaks up in a hurry. Whether you use tax preparation software or outsource to a certified public ...

It's a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

Retirees can claim these 7 tax deductions without itemizing. Learn how above-the-line breaks can lower adjusted gross income ...

While the new senior tax deduction is touted as a tax break for Social Security retirees, some beneficiaries won't be able to ...