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IRS RULES FOR LOANS
Paying off student loans? Deduct up to $2,500 in interest on your 2026 return, but watch the income limits that could cut it off earlyStudent loan borrowers may get a valuable tax break in 2026. The IRS still allows eligible taxpayers to deduct up to $2,500 in student loan...- Facing a 7% Mortgage? Here's how family loans could help buyers avoid high mortgage interest and unlock valuable tax savingsMortgage rates are stuck above 7%. Waiting sounds smart, but rising home prices could quickly erase any rate savings. That is why some fami...
- In 1972, US investor received property, agreed to swap it same day, IRS challenged his tax treatment: Why court couldn't tax the exchangeThis case involves Joseph R. Bolker and his property called Montebello. Things got complicated and the issue eventually went all the way to...
- Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...
- Higher education costs: How Indian parents and US-based NRIs plan and pay—and who is better placed?Except for a small number of government colleges of repute, the demand for good quality colleges far outstrips the supply in India. Higher ...
- Don’t get caught out: Key documents you need for IRS Tax relief claimsIRS tax relief needs proper documents like income proof, expenses, bank details and tax returns. These papers help the Internal Revenue Ser...
- You could get a $10,000 tax break on your car loan — who qualifies and how to claim itA new tax rule lets people save money on car loan interest if they buy a new U.S.-made vehicle and meet income rules. The benefit can reduc...
- Up to $10,000 IRS car loan interest tax deduction in 2026: are you eligible under new income limits and vehicle rules?The IRS will allow up to $10,000 in car loan interest deduction starting with 2026 tax filings for the 2025 tax year. This new federal tax ...
- IRS reveals how it calculates tax relief — here’s how much you could actually getIRS tax relief helps people lower taxes, penalties, or interest, but the amount depends on income, credits, deductions, and eligibility. Re...
- Where is my refund? Tax filing deadline, IRS refund status, and all details Americans must knowWhere is my refund? IRS opens 2026 tax filing season as Americans track payments, deadlines, and federal shake-ups. The IRS officially open...
- IRS warns millions are missing an overlooked tax credit — here’s how to claim the cashThe IRS says millions of Americans may be missing the Earned Income Tax Credit. This tax benefit gives extra cash to working people with lo...
- Trump tax cuts may allow drivers to write off $10,000 in auto loan interestDrivers buying new U.S.-assembled vehicles could unlock major tax savings in 2026. Trump’s new tax law allows up to $10,000 in auto loan in...
- Unpaid debts and Social Security: When can your benefits be garnished or protected?Social Security benefits garnishment rules: Millions of Americans rely on Social Security checks, but these payments can be reduced due to ...
- How the 2025 tax law changes your 2026 return: What to know before you fileThe One Big Beautiful Bill Act of 2025 introduces significant tax changes for 2026 filings. Key reforms include new deductions for tips and...
- IRS issues nationwide notice that could help some taxpayers save $10,000 in 2026The IRS has confirmed a new nationwide tax deduction that could save car buyers up to $10,000 in 2026. The rule covers interest on new, Ame...
- Your 2026 tax return is changing: 5 IRS rule updates every filer needs to knowIRS tax rules are changing for 2026, and Americans need to be ready. Standard deductions are going up, seniors may get extra savings, and n...
- IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniorsIRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car loan interest ...
- Donald Trump may owe $100 million from double-dip tax breaks, audit showsThe New York Times and ProPublica revealed that Donald Trump employed a questionable accounting tactic to claim improper tax breaks on his ...
- 'Use interest rate swaps to hedge long-term loans'The Reserve Bank of India has rejected a proposal submitted by banks to ease the draft norms on securitisation released recently.
- Is your home a tax trap?If you have refinanced your mortgage, you may owe the IRS more than you thought.
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