All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, ...

The fate of President Donald Trump’s tax legislation may rest on whether the GOP can find common ground on tax breaks for high earners in predominantly Democratic states — and the issue also ...

Earnings vary widely among truck drivers based on job type and experience, with median earnings ranging from $76,420 for truckload drivers to $186,016 for owner-operators. Truck driver wages have ...

Taxpayers must wait until July 2027 to claim the new standard tax deduction for work-related expenses, which more than triples the current rate of claiming deductions without a receipt.

Many provisions of President Trump’s signature Tax Cuts and Jobs Act from 2017 are set to expire at the end of 2025. Three economists break down the fiscal impact of the cuts for individuals and ...

House Republicans are working to finalize a budget on President Donald Trump's agenda by next week, but competing demands over state and local taxes could delay its passage. House Republicans are ...

The state and local tax deduction known as SALT. The deduction allows those who itemize when filing their federal taxes to deduct property, sales, or income taxes already paid to state and local ...

When New York Times columnist Binyamin Appelbaum questioned the fairness of charitable deductions—using the $75,000 Met Gala ticket as an example of tax-subsidized elite indulgence—he tapped ...

It also would extend and temporarily boost far-reaching tax benefits like the standard deduction and the Child Tax Credit. But this early, so-called skinny version of the tax bill is otherwise ...

The Golden State uses a progressive tax system with some of the highest rates in the nation — but also offers various deductions and credits to offset what you owe. Whether you’re a full-time ...