Tax Law

Latest

New GOP Car Loan Tax Deduction: Which Vehicles and Buyers Qualify

Tax Breaks Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

Tax Breaks

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  Ask the Editor — Tax Questions on Four New Tax Deductions

  Ask the Editor In this week's Ask the Editor Q&A, we answer tax questions from readers on four new tax deductions in the "One Big Beautiful Bill."

  By Joy Taylor Published 25 July 25

  Ask the Editor
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  Five Ways Trump’s 2025 Tax Bill Could Boost Your Tax Refund (or Shrink It)

  Tax Refunds The tax code is changing again, and if you’re filing for 2025, Trump’s ‘big beautiful’ bill could mean a bigger refund, a smaller one or something in between next year. Here are five ways the new law could impact your bottom line.

  By Kate Schubel Published 24 July 25

  Tax Refunds
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  New SALT Deduction Could Put Thousands Back in California Homeowners’ Pockets

  Tax Breaks The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for Golden State homeowners.

  By Gabriella Cruz-Martínez Last updated 23 July 25

  Tax Breaks
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  Money for Your Kids? Three Ways Trump's ‘Big Beautiful Bill’ Impacts Your Child's Finances

  Tax Tips The Trump tax bill could help your child with future education and homebuying costs. Here’s how.

  By Kate Schubel Last updated 23 July 25

  Tax Tips
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  New Cap on Gambling Loss Deductions Begins Soon: What to Know Now

  Tax Changes A gambling losses tax deduction cap in Trump’s “big beautiful bill” is causing an uproar. Here’s what you need to know.

  By Kelley R. Taylor Last updated 21 July 25

  Tax Changes
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  Premium Tax Credit: Are You Eligible For This Health Insurance Tax Break?

  Tax Credits The tax credit can help qualifying individuals pay for coverage from the Affordable Care Act’s health insurance marketplace.

  By Gabriella Cruz-Martínez Last updated 21 July 25

  Tax Credits
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  The GOP Wants to Auto-Enroll Your Child in a 'Trump Account' for Savings

  Tax Law The federal government will soon auto-enroll your kid in a tax-advantaged ‘Trump Account’ under the 'One Big Beautiful Bill.'

  By Kate Schubel Last updated 21 July 25

  Tax Law
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  Ohio Tax-Free Holiday 2025 Will Run Two-Weeks Soon: Don't Miss Out

  State Tax Ohioans won't want to miss out on extended sales tax holiday savings as pressure from tariffs and inflation spikes prices.

  By Gabriella Cruz-Martínez Last updated 21 July 25

  State Tax
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  Can Homeschoolers Save on Expenses With 529 Plans?

  Savings Accounts A new so-called 'home school tax break' could change how you save for your child's homeschool education. Find out how.

  By Kate Schubel Last updated 21 July 25

  Savings Accounts