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U.S. electric vehicle registrations slipped 0.4% in 2025 to 1.3 million units, marking the first annual decline in over a decade. The repeal of the $7,500 federal tax credit triggered a 48% collapse in Q4 sales.
The One Big Beautiful Bill Act created a new $6,000 tax deduction for Americans 65 and older. Here's who qualifies, how much you could save, and how to claim it on your 2025 return.
A nonpartisan analysis from the Partnership for Public Service estimates that DOGE's federal workforce cuts have cost taxpayers $135 billion in fiscal year 2026, nearly erasing the $160 billion in claimed savings.
Starting January 1, 2026, bronze and catastrophic health insurance plans qualify for HSA contributions, expanding tax-advantaged health savings to millions more Americans.
New 2026 retirement contribution limits are now in effect. IRA limits rise to $7,500, 401(k) limits hit $24,500, and new tax breaks benefit savers of all ages.
The NFIB Small Business Optimism Index rose for a second straight month to 99.5, above its 52-year average, though 20% now cite taxes as their top concern.
Treasury Secretary Bessent announced implementation of Trump's auto loan interest tax deduction, allowing up to $10,000 in annual deductions. Ford and GM shares jumped to new 52-week highs.
Federal clean vehicle tax credits ended September 30, 2025 under Trump's One Big Beautiful Bill. Here's what EV buyers should consider now that the $7,500 incentive is gone.
The One Big Beautiful Bill Act created a groundbreaking tax break for service workers. Here's how to claim up to $25,000 in tip income deductions in 2026.
Electric vehicle sales plummeted 50% in October after the $7,500 federal tax credit expired in September. Here's what happened and what it means for car buyers.
The IRS has lost roughly 19,000 employees over the past year amid federal workforce reductions, and a Treasury watchdog warns that refund delays and longer wait times are likely for millions of taxpayers.
The IRS has lost 19,000 employees in a year, hired just 50 of 2,200 planned seasonal workers, and must process returns with major new deductions from the One Big Beautiful Bill, all while recovering from a shutdown.