The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

The ruling confirms that notional disallowances under Section 14A cannot be added while computing book profits under the MAT ...

While a person typically can't contribute to an IRA without earned income, there is an exception: having a spouse. If your ...

Taxpayers are facing higher tax outgo due to incorrect regime choices, often stemming from misunderstandings of exemptions and documentation. Experts advise projecting liabilities under both regimes, ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

The tax bracket income levels for 2026 are increasing by 2.3% and new tax breaks could allow you to keep more take-home pay.

The IRS has released 2026 tax brackets—here’s how understanding your bracket can help you save with smart retirement and Roth ...