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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Beneficial ownership reporting requirements are back in effect, and most companies will have a new
1 min read
The IRS’s Direct File program is still here, despite some confusion on social media. On
11 min read
The Federal Disaster Relief Act of 2023 (enacted December 12, 2024) introduces significant modifications to
9 min read
FinCEN announced Friday morning that beneficial ownership information (BOI) reporting requirements remain voluntary, despite Thursday’s
8 min read
IRS Commissioner Danny Werfel has stepped down from his position following a resignation letter sent
9 min read
You may have missed it during the buzz of the holiday season, but the IRS
9 min read
A federal district court has issued a nationwide injunction against the Corporate Transparency Act (CTA),
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