The new car loan interest deduction is part of a broader legislative package called 'The One Big Beautiful Bill Act.' This was a campaign promise by former President Donald Trump. The House of ...

Foreigners often do not know leveraged U.S. real estate investments using recourse debt do not shield them from U.S. estate tax exposure.

The Australian Taxation Office's (ATO) crackdown on debt and interest deductions kicks off with the new financial year. Under ...

The Australian Taxation Office's (ATO) crackdown on debt and interest deductions kicks off with the new financial year. Under the The Treasury Laws Amendment Act 2025, effective Tuesday, 1 July, ...

Starting in 2025, a new proposal could let you deduct up to $10,000 in car loan interest annually. Part of "The One Big Beautiful Bill Act," the measure aims to ease costs for car buyers but raises ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

It’s the end of the financial year on Monday, so it’s now-or-never if you want to boost this year’s tax refund.

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.

If you plan to claim a property tax deduction, you'll need to file Schedule A with your annual tax return. ... » MORE: How the mortgage interest deduction works. Best Overall Tax Software. AD. 5.0.

For example, current federal tax law limits the mortgage interest deduction to a maximum of $750,000 of secured mortgage debt (or $1 million if you bought the home prior to Dec. 16, 2017).