car loan interest Archives

Taxes October 21, 2025

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA

The IRS issued transitional guidance on Oct. 21 that provides penalty relief to certain lenders on the new information reporting requirements for car loan interest received in 2025 under the new Trump tax law.

Jason Bramwell

Taxes September 15, 2025

IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions

Schedule 1-A, "Additional Deductions," for Form 1040 will be used during the 2026 tax season to calculate new deductions for tips, overtime, car loan interest, and senior citizens.

Jason Bramwell

car loan interest

Featured Articles

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA

IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...

Accounting & Auditing

Tax

Payroll

Tech

Advisory

Firm Management

The Profession

Resources

Conference

car loan interest

Featured Articles

IRS Provides Relief to Lenders for 2025 on Car Loan Interest Reporting Under OBBBA

IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...