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Tag Page TaxBreaks

#TaxBreaks
James Smith

IRS Just Flipped the Script for Drivers

If you drive for work or just bought a new car, buckle up—tax season’s about to look way different. The IRS is hiking the mileage deduction to 72.5 cents per mile (hello, bigger write-offs!), but they’re also rolling out new rules on reporting and even letting you deduct car loan interest (up to $10k, but only on new rides and with income caps). Gig drivers and small biz owners, this could mean more money back—but only if you keep those records tight! #Cars #IRS #TaxBreaks

IRS Just Flipped the Script for Drivers
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