What Taxpayers Need to Know (2026 Guide) The Treasury Department and the IRS have released new guidance on a  brand-new tax deduction for car loan interest , created under the  One, Big, Beautiful Bill . This provision is often referred to as  “No Tax on Car Loan Interest” , but the actual rules are more specific — and not everyone will qualify. Let’s break down what this new deduction really means, who is eligible, and where taxpayers need to be careful. What Is the New Car Loan Interest...

What Business Owners Need to Know (2026 Guide) The IRS has officially announced the  standard mileage rates for 2026 , and there’s important news for business owners. Starting  January 1, 2026 , the  business mileage rate increases to 72.5 cents per mile , up  2.5 cents  from 2025. This change directly affects self-employed individuals, business owners, and anyone deducting vehicle expenses. 2026 IRS Standard Mileage Rates (At a Glance) For mileage driven on or after  January 1, 2026 : 72.5¢...

Many taxpayers believe that filing a tax return is the same as managing their taxes. It’s not. Tax filing reports the past.Tax planning shapes the future. Understanding the difference can save — or cost — you thousands of dollars. What Tax Filing Actually Is Tax filing means: Reporting last year’s income Completing required IRS forms Claiming deductions you already took Submitting a return by the deadline Filing answers one question: “What already happened?” 📌 Filing is mandatory — but it...