Section 179 Vehicles: Does My Vehicle Qualify For The Section 179 Deduction In 2026?

For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...
The Daily Overview on MSN

IRS changes the rules on a driver tax break millions are counting on

Millions of Americans who drive for work or recently financed a car are heading into tax season with a very different set of rules than they had just a year ago. The Internal Revenue Service has ...
Self Employed on MSN

IRS proposes car loan interest rules

The proposed regulations point to a more structured approach for car loan interest. By setting clear eligibility standards ...
Forbes

IRS Issues Transitional Guidance On Car Loan Interest Reporting Under The New Tax Law

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...