KEY TAKEAWAYS Under a new tax break from the "One Big, Beautiful Bill," taxpayers will be able to deduct part of the interest ...

The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, ...

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can ...

There are rules to a new tax deduction as to which vehicles qualify to save buyers on the interest paid on loans. Here are ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

Tax deductions get most of the attention during tax season. While they can reduce your taxable income in a given year, certain tax strategies can have a much bigger long-term impact on your finances.

Felecia Stevenson, owner of six Jackson Hewitt locations, and Park Forest-based Kirby Ashley outline new deductions for tax ...

Time is ticking to file your taxes. You have about a month to get your documents in order. With major changes to tax law this ...

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...