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
2 min read
Sam Bankman-Fried, the former wunderkind of the cryptocurrency world, was sentenced to 25 years in
2 min read
An Alabama Federal District Court found the Corporate Transparency Act and its Beneficial Ownership Interest
2 min read
Few proposals have been made to change tax-free reorganizations in the past century, but today,
2 min read
Once a business receives cash exceeding $10,000 (in either a transaction or related transactions), a
2 min read
President Biden has proposed a 2025 budget, and it’s a pie-in-the-sky plan that has no
2 min read
The Department of Education has announced that it will automatically discharge $1.2 billion in loans
2 min read
An Alabama Federal District Court has found the Corporate Transparency Act and its Beneficial Ownership
Don't Miss It
Alert Your Business Clients to 2026 Form W-2 Changes for OBBBA
January 23, 2026
Trump Executive Order Directs Cannabis Rescheduling
January 19, 2026
Trump Accounts and New Form 4547
January 12, 2026