In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new tax deduction for paying interest on vehicle loans ...

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for certain tax benefits or tax breaks or to determine if you're subject to ...

Tax brackets for 2026 have edged higher, keeping in step with inflation. Those who are feeling financial strain right now are about to get some relief. Taxation of capital gains won't hurt quite as ...

Last year, data show Americans drove away from dealerships with more than 15 million new vehicles, with roughly 80% of buyers reportedly relying on financing to purchase. So far in 2025, average car ...

IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...

A high-risk driver may be ordered to file an SR-22 with their state.

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

The Internal Revenue Service gave auto lenders some idea of how they'll handle a brand new deduction for car loan interest in 2025. Lenders must provide appropriate information so that consumers who ...

New Yorkers may be getting inflation relief checks, but those checks are being taxed by the IRS. That has people wondering: If the Trump tariff checks actually materialize, who would receive them and ...

SEQUIM, Wash — A wildly unpopular state sales tax is meeting stiff opposition just two weeks after taking effect. A second corporation is now suing the state, a move that threatens to keep millions ...