News

Trump's new tax deduction on auto loans has major limitations: What car buyers should know
President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's ...
DOGE Cuts Risk Bogging Down Push to Implement Trump’s Tax Breaks
Staffing shortfalls and intricate new policies are complicating efforts at the Treasury Department and IRS to meet President ...
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IRS has lost one-quarter of its IT staff since Trump took office
The 2026 tax year ought to be fun A quarter of the Internal Revenue Service's IT staff has departed since President Trump's ...
Report: Trump's 'big, beautiful bill' will sharply reduce Michigan's business tax revenues
A new report from the Michigan House Fiscal Agency highlights expected state budget impact from less-scrutinized changes in ...
NextEra’s New Wind, Solar Project Starts Gird Against Trump Tax Rollback
NextEra Energy Inc. says it’s started construction on a spate of new clean energy projects, work it expects will qualify the ...
Trump's Big Beautiful Bill "No Tax on Car Loan Interest" may increase car sales
President Trump's "Big Beautiful Bill" might drive car sales up.A new tax cut is available to buyers as long as they purchase ...
Budget office says Trump’s tax law will add $3.4 trillion to deficits, leave 10 million uninsured
WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the ...
Endowment tax hike could affect college enrollment under Trump
More than a dozen schools across the nation are expected to fall under the top tax rate, including Harvard and MIT in ...
Activists try to preserve IRS’s Direct File now that Trump has ended it
The program offered free tax filing for two years before Republicans shut it down. Now a small group hopes to save the code ...