The One Big Beautiful Bill Act (OBBBA) provides an annual deduction of up to $10,000 for interest paid on qualifying new auto loans, effective for tax years 2025 through 2028.
New tax rules will determine the deductibility of donations in 2026 for better or worse, which means taxpayers may want to rethink the timing and amount of their donations for 2025 and beyond.
Small businesses must now pay duties on low-value goods they could previously source inexpensively from China and elsewhere.
Use this calculator to estimate the cost of your child’s education, based on the variables you input.