The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower your taxable income and reduce your federal tax bill. This is because widows ...

Millions of households are on track to legally shrink their federal income tax bill to zero in 2025, thanks to a mix of higher deductions, expanded credits and targeted breaks in President Donald ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Effective January 1, 2026, the One Big Beautiful Bill Act ...

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Amendments to Article 219 of the Tax Code of the Russian Federation will enter into force on January 1, 2026, which will expand the possibilities for obtaining a personal income tax deduction for ...

The Albanese government quietly expanded politicians’ taxpayer-funded travel entitlements just six weeks before calling the federal election amid mounting expenses scandals. The Saturday Telegraph can ...

Scottish Professional Football League chiefs have written to Rangers, Hibs, Motherwell and Aberdeen over pyro breaches. There have been a number of top-flight games where pyrotechnics and other ...