Donald Trump announced tariffs on auto imports but also raised the possibility of a new deduction for interest on car loans.

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NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...

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President Donald Trump says he wants to “immediately” transfer federal student loans to the Small Business Administration.

Is car loan interest tax deductible for you? Discover the rules, who qualifies and how to maximize this potential tax break.

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Whether you finance or lease business equipment and vehicles, there are clear tax benefits unique to both. Here’s what you need to know.

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT. Residents who itemize tax breaks cannot ...

Taxpayers who wish to claim income tax deduction must invest in these instruments ... Resident senior citizens who do not have any income from business/profession are not liable to pay.

Lawmakers are planning to introduce legislation next week to allow car buyers purchasing American-made vehicles to deduct the interest paid on their auto loans from federal income taxes ...