Tax advisors say wealthy Americans should consider ramping up charitable donations before the end of 2025 to take advantage ...
Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.
The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction, which the tax law increased to $15,750 this year for individuals ...
In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the new tax deduction for paying interest on vehicle loans.
It may be time to donate that ’84 Mustang that has been sitting in the driveway for ten years. Many properties have vehicles ...
The One Big Beautiful Bill Act (OBBBA) is reshaping tax incentives for charitable giving and creating new challenges for ...
Maximize your 2025 tax savings with smart moves like Roth conversions, 401(k) contributions, tax-loss harvesting and charitable giving before the year ends.
The One Big Beautiful Bill Act of 2025 (OBBBA) introduces new rules for charitable donation tax deductions. Individuals 70½ ...
IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...
Hall withheld more than $800K in federal taxes over a period of seven years. Susan Tompor USA TODAY NETWORK A Central Kentucky car repair owner pleaded guilty to a federal charge after investigators ...
The Internal Revenue Service announced new federal income tax brackets for 2026 with slight increases and a higher standard deduction. Tax rates themselves will remain unchanged, ranging from 10% for ...