The new auto loan interest deduction allows up to $10,000 in annual tax savings for qualifying vehicle purchases made after 2024. Learn the requirements, income limits, and how to claim this temporary benefit.
Complete guide to OBBBA family benefits including the enhanced Child Tax Credit, tips deduction with official IRS occupation list, and overtime exemption. Updated with 2025 IRS guidance.
Avoid costly tax filing mistakes including missing deadlines, incorrect information, overlooked deductions, and math errors. File accurately to prevent delays and penalties.
Understand the difference between tax deductions and tax credits, how each reduces your tax burden, and which provides more benefit in various situations.