Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
Category: Tax Credits, Deductions and Exemptions
-
Businesses Are Cashing In on Trump’s Tax Cuts
Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.
-
Should You Donate to Charity This Year or Wait? It Depends.
Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.
-
Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
-
Obamacare Users Will Be Asked to Pay More for Plans That Cover Less
People who have health insurance under the Affordable Care Act will face higher deductibles and higher premiums.
-
For ‘No Tax on Tips,’ the I.R.S. Gets Intimate
The Trump administration wants to exclude earnings from “pornographic activity” from a new tax break for tips. Will the I.R.S. know it when it sees it?
-
U.K. Budget Plan Calms Markets and Labour Faithful. Will It Appeal to Voters?
The plan presented by the chancellor of the Exchequer, Rachel Reeves, called for spending increases and higher taxes on the wealthy and the middle class.
-
How to Deal With Higher Home Heating Bills
There is still time to take advantage of federal tax credits for energy updates. But federal heating aid for low-income people was delayed by the government shutdown.
-
The Luxury Electric Vehicle Is in Trouble
Sales of expensive battery-powered cars like the Ford F-150 Lightning have stalled, forcing automakers to slow production and offer more affordable vehicles.
-
How to Shop for Obamacare When Subsidies Are in Limbo
Enrollment for A.C.A. health coverage begins Nov. 1, with some staggering price increases. Here is a guide to help you choose a plan while Congress is at an impasse over tax credits.
-
G.M. Will Cut 1,750 Jobs in Electric Vehicle Business
The layoffs at factories in Michigan, Ohio and Tennessee follow the elimination of a $7,500 federal tax credit for electric cars.
-
Obamacare Prices Become Public, Highlighting Big Increases
The government website now shows consumers how much their health insurance costs will increase next year, as Congress remains at an impasse over the plans’ subsidies.