The Internal Revenue Service (IRS) has updated the cents-per-mile rates for calculating tax-deductible vehicle operating ...

Changing road tax rules will affect all drivers in 2025 as rules that came into force from 1 April bring increased or new charges for most, among a host of other potential bill increases. Motorists ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

All new cars will have to be electric or plug-in hybrid from 2030, when a ban on the sale of new petrol and diesel cars comes ...

President Donald Trump's new car loan tax break promises eye catching savings for drivers who finance a new vehicle, with ...

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 the new ...

The Internal Revenue Service announced the new standard mileage rate for 2026. These rates apply to 2026 tax returns that ...

Beginning on 2025 tax returns, new car buyers might qualify for an above-the-line deduction of up to $10,000 in car loan interest in a year. Taxpayers will not be able to deduct interest on loans ...

With inflation holding steady, Bloomberg Tax & Accounting predicts that tax brackets and inflation-adjusted amounts will increase slightly. Combined with changes under the new tax law, your tax ...