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 ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

“This program could pay out hundreds of millions of dollars over the next few years,” he said in an interview with iPolitics. Wayne Long, Secretary of State (Canada Revenue Agency and Financial ...

Question: I retired at 65 with $7.8 million and feel like I over-saved. My 40-something son is on the same path. Should I tell him to reconsider? Answer: It sounds like you did an excellent job of ...

My husband and I plan to help our daughter with some of her wedding expenses. It’s my understanding an individual can give $19,000 in a year without triggering a taxable event. What is the best way to ...

Gifting a car comes with paperwork and possible tax implications, so make sure you understand the requirements Scott Nevil is an experienced writer and editor with a demonstrated history of publishing ...

For most people who dream of inheriting real estate, it will probably remain a dream. It’s only a reality for 2 to 7% of Americans, according to Federal Reserve data. (1) But if you’re among the lucky ...

Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 from their taxable income beginning in 2025. To help sort out the details, the IRS is rolling out additional ...