Text Callout : Key Takeaways - Is Mortgage Interest Tax Deductible? As tax season rolls around, you may have a number of questions on your mind – including whether your mortgage interest is tax ...

When candidates make policy proposals on the campaign trail, they often sound beneficial but don't always hold up to closer scrutiny. Vice President Kamala Harris and former President Donald Trump ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed tax ...

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 ...

Car loan interest can be tax deductible, but only in specific situations. If you’re a business owner or self-employed and use the vehicle for work, you may be able to deduct some of all of the ...

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Courtney Reilly-Larke is the deputy editor of Forbes Advisor Canada. Previously, she was the associate editor of personal finance at MoneySense. She was also managing editor of Best Health Magazine ...