New federal income tax provisions taking effect in 2025 could reduce taxable income for qualifying seniors and for taxpayers who finance certain new vehicles.

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

You'll want to pay attention to new and enhanced tax deductions while filing income tax returns this year.

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making ...

The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This new federal tax break applies to qualifying new vehicles purchased after ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is deductible for tax year 2025. The short answer is yes, but whether or not ...

Many new tax breaks aren't automatic, including a tax break on tips, overtime, car loan interest or a bonus for those 65 and older. We are not heading anywhere close to tax simplification. It's likely ...