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

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, ...

For most workers, retirement is sold as the moment taxes finally ease up. In reality, there is one levy that follows you from ...

Understanding what deductions are coming out of your pay is key to knowing where all your money is going. More importantly, ...

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.