The Treasury and IRS have issued proposed regulations implementing the "No Tax on Car Loan Interest" provision, offering up to $10,000 in annual deductions for taxpayers financing new American-made vehicles for personal use through 2028.
Recent Taxbytes
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After 25 years as a commercial lender at Comerica Bank, Mr. Alvarado opened South Bay
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The Thompsons earned income from farming operations raising and selling cattle, chickens, eggs, and turkeys.
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IRS has provided several plain language explanations on claiming the employer-provided childcare credit (§45F). An
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David Vettel opened a Swiss bank account and, from 2006 to 2011, failed to file
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The DEA has begun the process to reclassify marijuana from a Schedule I drug (like
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The centerpiece of the Inflation Reduction Act of 2022 (IRA22) was a myriad of new
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The GAO estimates that 34% of Earned Income Tax Credit payments issued in FY 2023
