President Donald Trump wants to make interest payments on car loans tax-deductible if the car is made in America. Does your ...

The IRS allows you to deduct either state income tax or state sales tax — whichever is greater. If you made a large purchase, such as a car or expensive appliances, this deduction could make a ...

Lawmakers are planning to introduce legislation next week to allow car buyers purchasing American-made vehicles to deduct the interest paid on their auto loans from federal income taxes, U.S. Sen.

Tax write-offs are available if you use your car for business all or some of the time. Only self-employed individuals are eligible for a tax deduction. You will need to keep detailed records to ...

If you earn less than $150,000, Trump wants to abolish your taxes, says U.S. Commerce Secretary Howard Lutnick.

We're all familiar with common tax deductions like mortgage interest ... If you install an electric vehicle charger in your home, you may be eligible for a tax credit. Similarly, while you ...

President Trump in his address to Congress on Tuesday revived a campaign pitch to create a tax deduction for interest payments on car loans, amid a broader push for sweeping tax cuts. Mr. Trump ...

President Trump reiterated his desire to see large new tax cuts on top of extending expiring tax cuts, delivering applause lines that complicate Republicans’ task in getting a tax bill passed through ...

There's an old saying that it takes money to make money, and that's often the case for small business owners. It's common to incur expenses on everything from marketing and travel to supplies ...

Self-employed Uber and Lyft drivers can maximize tax deductions by tracking vehicle expenses, tolls, phone usage, and service ...

As tax season begins, President Trump's proposed tax changes are making headlines, but they won't impact this year's filings.