Finance News – Tax Break
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Elizabeth Warren presses oil companies on tax break lobbying for Senate bill
Senator Elizabeth Warren is seeking clarification from energy firms regarding a potential legislative provision that might eliminate their federal income tax obligations, impacting...
Read Full Article →Will a GOP 'Big Bill' Incentive Help Donors Avoid Capital Gains Tax?
The proposed legislation includes a significant tax advantage aimed at private school contributors, potentially reducing their capital gains tax obligations and impacting donor fin...
Read Full Article →Getting Trump's full tax break on car loans may mean buying a $130,000 vehicle
Middle-income families purchasing high-priced automobiles could take advantage of the complete $10,000 tax deduction on interest paid, potentially impacting their overall financial...
Read Full Article →Brazil ends crypto tax break, imposes 17.5% levy on gains
Beginning June 12, Brazil will apply a 17.5% capital gains tax on all cryptocurrency transactions, eliminating the former monthly exemption that benefited smaller investors.
Read Full Article →GOP Proposed a $10,000 Tax Break on Car Loans—With a Big Catch
The recently suggested policy aims to reduce the financial burden on vehicle financing by offering substantial relief, though certain limitations may affect the overall benefit for...
Read Full Article →You probably won’t notice Trump’s tax break for car loans once you factor in tariffs
Although the recent tax relief aimed at car loan borrowers offers some savings, its overall impact may be diminished due to increased costs resulting from imposed tariffs on automo...
Read Full Article →Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.
Adjustments to the limit on deductions for state and local taxes could influence taxpayers' liabilities and impact government revenue, highlighting a key element in ongoing budget...
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