The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.

The House and Senate have introduced their versions of the 'One Big Beautiful Bill', aiming to make permanent many provisions ...

Key differences between the Senate and House versions of the ‘One Big Beautiful Bill’ could greatly affect taxes for families ...

Senate Republicans proposed a tax deduction for car loan interest. But it might exclude used-car buyers, tax experts said.

If St. Charles had imposed the tax last year, it would have collected over $70,000 from the $1,275,684 in revenue that short-term rentals amassed in 2024, he said.

Investing.com -- U.S. Senate Republicans have incorporated language into President Donald Trump’s tax and spending bill that would limit judges’ ability to block government policies deemed ...

The House-passed budget reconciliation bill promoted by the Trump administration would benefit higher earners at the expense of ... People making up to $138,000 annually will see a $1,750 tax ...

For example, a 5% withholding tax would require a borrower owing $1,000 in interest to remit $50 to the US government, and then gross up its payment so the lender still receives $1 000.

(Bloomberg) -- A measure in President Donald Trump’s tax and spending bill that’s meant to penalize foreign investors may also raise interest costs for some US borrowers.Most Read from ...

For example, a 5% withholding tax would require a borrower owing $1,000 in interest to remit $50 to the U.S. government, and then gross up its payment so the lender still receives $1,000.

You'd pay no tax on that interest if you qualified. Creating an above-the-line deduction means the proposed tax break on car loan interest would not just apply to the roughly 10% of taxpayers who ...

Jamie Dimon Calls for End to Carried Interest Tax Break But it isn’t clear how much influence his voice might wield. By Erik Sherman | June 03, 2025 at 05:40 AM ...