This tax season introduces a new deduction for interest paid on car loans.
This tax season introduces a new deduction that might catch some people’s attention. Starting in 2025, those purchasing a new car could deduct the interest on their auto loans in certain situations. It’s, um, interesting for many buyers, I think. The creation of this credit comes from the One Big Beautiful Bill Act, which also […]
Audit reveals that Arts Tax lacks a method to assess success in providing arts education to students.
Portland’s Arts Tax Audit Reveals Management Issues PORTLAND, Ore. — A recent audit from the City Auditor’s Office indicates that Portland has struggled to manage its arts tax, approved by voters in 2012. The report highlights that there’s been little assessment of how effectively the tax has improved access to arts education for elementary students, […]
New IRS form Schedule 1-A reveals four significant tax deductions for 2025.
Updated March 18, 2026, 10:58 a.m. ET As tax season progresses, millions of people are encountering an important new form, Schedule 1-A, which they need to complete in order to take advantage of new and generous tax breaks on their 2025 federal income tax returns. If you don’t submit this form along with your tax […]
Tax fraud cases increasing as April 15 nears, IRS cautions
With the April 15 tax deadline around the corner, the IRS is cautioning taxpayers about an uptick in scams targeting them. During tax season, individuals naturally expect communications from the IRS about refunds and payments, which scammers exploit. Eric Bronnekant, who directs a tax office, mentioned this trend in a conversation with the Post. According […]
NFL manager believes that progressive state tax plan will negatively impact team’s chances.
Potential Tax Impact on Seattle Seahawks The general manager of the Seattle Seahawks has expressed concern over new tax proposals by Democratic lawmakers, suggesting that these changes could complicate the team’s efforts to recruit new players. This Wednesday, the Washington State Democratic Party approved a proposal that aims to introduce a 9.9% state income tax […]
Host Challenges Democratic Senator Chris Van Hollen’s Tax Plan Directly
Becky Quick Questions Senator Van Hollen’s Tax Proposal During a segment on CNBC, host Becky Quick expressed doubt about Maryland Senator Chris Van Hollen’s recent tax proposal. Van Hollen presented the Working Americans Tax Cuts Act (WATCA), which seeks to eliminate income taxes for low-income earners while introducing a new surtax for individuals earning over […]
Time is running out to take advantage of the new senior tax deduction
Changes to Tax Law Affecting Older Adults Starting with the 2025 tax year, notable changes have been introduced to the tax law. One significant adjustment targets seniors, specifically those aged 65 and older, who will benefit from a new tax break that could lead to considerable savings. Retirees should pay attention to this new tax […]
California governor candidate Matt Mahan calls for the abolition of the state’s gas tax
San Jose Mayor Calls for Gas Tax Suspension in California Matt Mahan, the Mayor of San Jose and a candidate for governor of California, has urged the state to temporarily pause gas taxes to ease the financial burden on drivers facing high fuel prices. “Working families often find themselves making tough choices between rent, groceries, […]
Seahawks general manager cautions that the new state income tax may affect free agent acquisitions.
Seahawks GM Discusses Tax Changes and Free Agency Concerns John Schneider, the general manager of the Seattle Seahawks, recently commented on a decision made by the Washington State Legislature that may complicate the team’s efforts to maintain its Super Bowl champion status. Starting in 2028, a new 9.9% tax will be applied to high-income earners, […]
Mamdani’s tax and spending proposals cause concern among NYC bond investors
When Mayor Mamdani took office in January, he was confrontational with New York City’s financial sector, all while aiming to revamp the city’s economy through socialist initiatives. However, the situation seems to be shifting rapidly. Municipal bond investors are now selling New York City bonds, which has led to falling prices and rising interest rates, […]