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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The IRS on October 21 issued Notice 2022-55, providing cost-of-living adjustments affecting dollar limitations for
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The Biden administration has announced its much-anticipated plan to forgive up to $20,000 in student
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Today, the IRS announced that it is providing broad penalty relief for certain 2019 and
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Remember the unprecedented IRS backlog and the ensuing chaos it created for tax pros and
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If you weren’t tuned into the 15 hours of Senate floor proceedings known as “vote-a-rama”
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Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin III, D-W.Va., have reached an
