Are IRS Penalties Tax Deductible?
The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
As lawmakers debate President Donald Trump’s tax cuts, a key deduction could become a sticking point in 2025 tax negotiations ...
What is the additional tax deduction for people over 65 in 2025? This is the exact amount
The Inflation Adjustments announced by the IRS affect some amounts in credits and deductions for 2025, for the better, as tax ...
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IRS Inflation Adjustments: How to Use the Standard Deduction to Your Advantage
The IRS has announced inflation adjustments for 2025, bringing positive changes to tax credits and deductions. These ...
5 tax deductions you can claim without itemizing
With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.
Trump says he wants interest on car loans tax deductible if US-made
President Donald Trump said he wants to make interest payments on car loans tax-deductible – but only for vehicles made in the U.S.
Trump Highlights Investment Tax Deduction, Promises Jan. 20 Retroactive Date
President Trump highlighted a tax cut for which many businesses have been clamoring – full and immediate deductions for ...
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Trump wants to make loan interest on domestic cars tax deductible. Here's what experts think.
During Donald Trump’s speech Tuesday before a joint session of Congress, the president reiterated his promise to make interest on car loans tax deductible — but only if the vehicle is made in ...