Melissa Layton covers her mortgage and expenses by letting her flat through AirBnB when she is away. She feels a tourist tax ...

The tax has been held at 57.95p since 2011, but the effective rate paid by drivers since 2022 has been 52.95p as a result of ...

President Trump's new tax law allows Americans to deduct up to $10,000 in car loan interest annually. However, strict income ...

Car ownership looks simple on a sales sheet, then the real ledger arrives. The monthly note is only one piece of a larger ...

Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, ...

A new study reveals that 70% of car buyers are cutting back on daily expenses just to afford a vehicle. Here’s why. Over half of middle-income Americans are eyeing a new car purchase – and most know ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at nine questions on the tax deduction ...

The Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the recent tax reform law. Notice 2025-57 provides penalty ...

Lenders won't face penalties if they don't give the Internal Revenue Service detailed information about which borrowers qualify for a tax breaks on auto-loan interest, the tax agency said Tuesday.

The Internal Revenue Service (IRS) has issued transitional relief in Notice 2025-57 for businesses that receive interest on specified passenger vehicle loans. The “One Big, Beautiful Bill” allows ...

IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...