Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2025 calendar year for the ...

Car buyers in the US with loans may be able to save thousands of dollars by deducting auto loan interest from their taxable income. The new legislation proudly boasts of offering tax deductions of up ...

Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Pullen: First comes the letter, then comes the tax bill. Credit: Thomas Breen photo The Elicker ...

If you’re considering buying an electric vehicle, now is the time to act. The massive tax bill that President Donald Trump signed into law on July 4 eliminates the popular electric vehicle (EV) tax ...

A federal tax break worth up to $7,500 for new EVs and up to $4,000 for used ones expires Sept. 30, but new Internal Revenue Service guidance says shoppers can still qualify if they sign a binding ...

Conversations about the impending death of the federal electric vehicle tax credit often overlook the fact that there isn’t just one EV tax credit. There are three. House Republicans took the first ...

This story is part of CT Mirror Explains, an ongoing effort to distill our wide-ranging reporting into a "what you need to know" format and provide practical information to our readers. CT Mirror’s ...

By then, 70% of the car tax had been eliminated. Democrat Mark Warner defeated Lt. Gov. Earley, the GOP 2001 candidate for ...