If you’ve been thinking about buying a new car, there’s now a major financial detail you’ll want to consider as part of your planning: a new tax deduction that could cut your federal income tax bill.

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to reporting requirements.

There are several ways to buy a new car, from purchasing one outright with cash to financing it through a car loan. Now, however, a provision in the recently passed One Big Beautiful Bill (OBBB) ...

New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn't deliver much of a financial benefit for lower earners, experts said. These policies are part of a massive ...

(CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is ...

It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and beyond.

Tax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans. Stream Los Angeles News for free, 24/7, wherever you are. Many new ...

Tax cuts are the centerpiece of a massive legislative package championed by President Trump and passed Tuesday by Senate Republicans. Many new tax breaks in the bill — on auto loans, tips and overtime ...