New IRS form Schedule 1‑A required to claim 2025 tax breaks

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

New Tax Deductions And Credits You Should Not Miss This Year

Learn about new 2025 tax deductions and credits from the OBBBA, including overtime, senior and car loan breaks, so you can avoid missing valuable tax savings.

The $10,000 car loan tax deduction: Here's who qualifies and how to claim it

The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

The One Big Beautiful Bill Created a $1,000 Benefit for Babies Born in 2025 and Beyond -- Here Is How to Claim It

President Donald Trump signed the One Big Beautiful Bill (OBBB) into law in July 2025. It included plenty of tax cuts and ...

The IRS Is Giving Car Owners a Major Break for 2026—But Only if Your Vehicle Meets These 5 Rules

Unlock a new tax deduction for your vehicle. If you bought a new car in 2025, you could deduct up to $10,000 in loan interest ...