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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In a move that significantly improves digital accessibility for taxpayers, the IRS announced the addition
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James Michael Warren purchased a single-family home in 2016 with plans to convert it into
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On March 11, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order
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The Social Security Administration has eased some of its new identity verification requirements and delayed
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The IRS personnel shake-ups continue. Approximately 7,000 probationary IRS employees who were terminated in February
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In a rare regulatory win that tax professionals can actually celebrate during the height of
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The U.S. Treasury Department announced on March 2 that it will no longer enforce the
