Many retirees are surprised to learn that their Social Security benefits may be subject to federal income tax. Understanding how this taxation is calculated can significantly impact the amount of ...

Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s ...

Getting your Trinity Audio player ready... On July 4, the “One Big Beautiful Bill” was signed into law making it the “One Big Beautiful Act” and enacting sweeping changes to the Internal Revenue Code.

At a 9.3% interest rate, an average new vehicle buyer could save about $2,200 on taxes over four years, Smoke said. The tax savings would be less on a loan at 6.5%, which is the rate figured into ...

The Republicans' tax cut and spending package, dubbed the "big, beautiful bill," includes a tax deduction for car loan ...

The ‘One Big Beautiful Bill Act’ offers a $10,000 auto loan interest deduction for U.S.-assembled cars—but eligibility rules ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year ...

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

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

As investors increasingly leverage Section 1031 exchanges to defer capital gains taxes, nuanced scenarios involving interest income on exchange proceeds require careful analysis. A critical but ...

Want to pay 0 income tax on your Rs 14,75,000 income? This home loan interest-related rule can help you a great deal New Tax Regime Tax Savings: When we think about saving tax on a home loan, the ...