President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...

After excluding fleet and commercial vehicles and customers above the income cutoff, an estimated 3.5 million new vehicle ...

Anyone in the market for a car will soon be able to write off fees for their purchase as a tax exemption. The Senate ...

Report the interest income on your tax return, and attach Schedule B for amounts over $1,500. When you think of your income, a paycheck probably comes to mind.

When Can You Deduct Loan Interest From Your Taxable Income? The interest you pay on mortgages , student loans and business credit products is tax deductible, with certain limits.

Tax Treatment of Interest Overages 1. Ordinary Income vs. Capital Gains. Interest income from exchange funds is taxed at the taxpayer’s ordinary income rate, which ranges from 10% to 37% for ...