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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Charles Littlejohn, a former IRS contractor, has pleaded guilty to leaking certain high-profile individuals’ tax
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The IRS has issued a significant package of guidance for the transfer of new and
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Hey, tax pros — have you checked out the IRS’s upgrades to its online Tax
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The Financial Crimes Enforcement Network (FinCEN) today issued proposed regulations to extend the deadline for
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A federal government shutdown looms as lawmakers on Capitol Hill struggle to reach consensus on
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On 9/18/23, Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a guide to help small businesses
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The IRS has stopped processing all new employee retention credit (ERC) claims in an effort
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