Avoid IRS rejection and penalties. Learn the three-step process to identify, validate, and verify your Vehicle Identification ...

A new federal deduction allows some drivers to write off interest on new car loans. Here’s who qualifies and how to claim it.

The One Big Beautiful Bill Act created a temporary car loan interest deduction for American-made vehicles through 2028, which ...

A new tax rule lets people save money on car loan interest if they buy a new U.S.-made vehicle and meet income rules. The benefit can reduce taxable income by up to $10,000 each year, but it is not ...

Unsure if your electric vehicle qualifies for federal tax credits? Learn the '1, 4, 5, or 7' rule and how to check your VIN to confirm its final assembly point.

The new Schedule 1-A is part of the Form 1040 for federal tax returns. Learn what it is, how to fill it out — and if you qualify for tax breaks under the OBBBA.

In 2025, changes driven by the so-called Department of Government Efficiency cut IRS staffing by more than 25%.

Sound tax policy requires simple rules administered by an adequately resourced agency. The U.S. has a code that’s a parody of ...

The competition for the most cars built in America reveals what foreign companies are creeping up on the established American brands. For this example, we look into Toyota, which currently produces ...

One of the automakers currently building more models in America than Chevrolet will surprise you.

Taxpayers aren’t usually inclined to sympathize with the Internal Revenue Service, but this year they probably should. Thanks to a brutal combination of staff shortages and new complications in the ...

Taxpayers aren't usually inclined to sympathize with the Internal Revenue Service, but this year they probably should. Thanks to a brutal combination of staff shortages and new complications in the ...