The U.S. House of Representatives has passed President Trump’s sweeping tax bill, nicknamed the “Big Beautiful Bill,” which includes an above-the-line deduction of up to $10,000 in car loan interest.
New tax deduction rules can help self-employed Uber and Lyft drivers save money this tax season.The IRS allows two methods for deducting vehicle expenses. The standard mileage rate for the 2024 tax ...
Driver's Seat: Jay Soled, a professor of accounting and information systems at Rutgers University, offers tips on claiming vehicle usage as a business expense. A: The IRS code governing vehicle use ...
The U.S. House of Representatives new bill would resurrect auto loan interest tax deductions—but there are several details to consider. The U.S. House of Representatives has passed President Trump’s ...
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