The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to follow if you want to claim it.

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

These tax deductions could give someone earning $200,000 a refund cheque north of $44,000. And that’s before any charitable ...

Tax Deduction for Donating Consulting Services to Non-Profit Organization. ... Typically, deductible costs cover car expenses, such as gas, oil, tolls and parking fees.

While buyers may welcome the news of auto loan tax breaks, tariff-related price hikes could nullify most potential savings in ...

Most Aussies aren't taking full advantage of car tax deductions, financial adviser Ben Nash says. · Source: Getty/Supplied If you drive for work, there’s a $4,400 tax deduction up for grabs that could ...

For a 5-year loan, that roughly translates to $187 a month just in interest. For those who need a new car, those costs can strain budgets. Now, a new proposal out of the U.S. House of ...

Tax deductions are subtracted from your taxable income, thereby lowering the amount of tax you owe. You can choose the standard deduction or itemize your deductions on Schedule A of Form 1040 or ...

All new car and truck buyers who take out a car loan won't qualify for the tax deduction. Much will depend on your income, and the vehicle you buy.

While the two bills are similar on the major tax provisions, how they work out their differences in the coming weeks will ...