Key Points ・The student loan interest deduction can reduce your taxable income by up to $2,500 per year. ・You do not need to ...

The so-called One Big Beautiful Bill and the Trump administration’s executive action are making the future of student loan ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Other requirements for this deduction You must file taxes jointly if you’re married. You paid interest on a qualified student loan during the tax year. You were legally obligated to pay interest ...

There are some cases when you can deduct interest on personal loans. If you used the money for one of the following purposes, a tax deduction may be possible. Keep in mind that personal loan ...

The Senate advanced Trump’s priorities, which Republicans have been calling the One Big Beautiful Bill. Here’s how it could change the federal government and the U.S. economy.

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.

No home loan deductions in new tax regime: Why prepayment makes sense & how it can help you save on interest outgo - explained TOI Business Desk / TIMESOFINDIA.COM / Jun 28, 2025, 14:00 IST ...

President Donald Trump signed the so-called One Big Beautiful Bill (OBBB) into law Friday, a budget that will have ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year. House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as ...

High-income earners, corporations and defense contractors stand to gain while lower-income residents and immigrants will feel ...