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Individuals who purchase a new vehicle (for personal use, not fleet or commercial) on or after January 1, 2025 (and through December 31, 2028) may deduct up to $10,000 of interest paid on the auto loan each tax year. Vehicle must have its final assembly in the United States
Workers can earn overtime tax-free, up to certain limits.
This benefit is designed to help working families keep more of the money they earn, especially those taking on extra hours, weekend shifts, or holiday work.
Starting in Tax Year 2025, workers can earn overtime tax-free, up to certain limits.
This benefit is designed to help working families keep more of the money they earn, especially those taking on extra hours, weekend shifts, or holiday work.
Starting tax year 2025 through 2028, individuals age 65 or older can claim an additional $6,000 deduction ($12,000 if married filing jointly) on their federal income tax.
Workers can earn overtime tax-free, up to certain limits.
This benefit is designed to help working families keep more of the money they earn, especially those taking on extra hours, weekend shifts, or holiday work.
Starting in Tax Year 2025, workers can earn overtime tax-free, up to certain limits.
This benefit is designed to help working families keep more of the money they earn, especially those taking on extra hours, weekend shifts, or holiday work.
When employees report their tips, those tips are considered taxable income — they increase:
Federal income tax
Social Security & Medicare (FICA) tax
State income tax (in most states)
Now, workers can deduct 50% of their reported tips from their taxable income on their federal ta
