The Republicans' signature tax cut and spending package – dubbed the "big, beautiful bill" – that was signed into law last week touts tax deductions on tips and overtime pay, and also includes a tax ...

To fulfill Trump's campaign promise, GOP lawmakers are offering a tax deduction for car loan interest. How will it work?

IRS data indicates that only 7% of consumers who were eligible for a new clean vehicle tax credit between Jan. 1 and Oct. 1, 2024, opted to receive the credit when they filed their taxes, Allen said.

Officials from the U.S. Department of the Treasury and IRS on Tuesday highlighted they have given more than $2 billion in incentives toward the delivery of more than 300,000 “clean” vehicles ...

The EV tax credit is up to $7,500 for qualifying new electric vehicles and up to $4,000 for qualifying used electric vehicles purchased before September 30, 2025.